Posted: Sat, Jun 6, 2026, 12:15 PM ET (1615 GMT)
Satellite manufacturer Apex has raised $200 million. The company announced Friday a new funding round led by investment firms Glade Brook Capital Partners and Washington Harbour Partners. The new round values Apex at $2.3 billion, nearly double its previous valuation. The company, which has now raised more than $700 million, said its new round was not driven by an immediate need for capital but was instead based on interest in the company and its line of satellite buses. The funds will allow Apex to expand office space at its Los Angeles factory.

Related Links:

•  SpaceNews article
•  Via Satellite article
•  Reuters article