Key facts
- Apex Space raised over $200 million in a funding round.
- The company's valuation doubled to $2.3 billion.
- Funds will support increased production of satellite platforms.
- Apex Space develops satellite platforms for commercial and government clients.
- The company is involved in developing President Trump's Golden Dome missile defense shield.
Startup Apex Space announced it has successfully raised more than $200 million in a new funding round, which has doubled its valuation to $2.3 billion. The company plans to utilize these funds to scale up its production capabilities for satellite platforms. These platforms are intended for a range of clients, including commercial firms and government entities. Notably, Apex Space is involved in the development of President Donald Trump's Golden Dome missile defense shield, a project that contributes to its government contracts. CEO Ian Cinnamon stated the company aims to be the 'Ford' of satellites.