June 5 (Reuters) - Space startup Apex has more than
doubled its valuation to $2.3 billion in under a year after
raising over $200 million in a new funding round, the firm said
on Friday, underscoring growing investor interest in the sector.
The fundraise comes amid heightened investor enthusiasm in
space exploration and defense, driven by expanding commercial
satellite networks, government-led defense opportunities and
buzz around a SpaceX IPO.
Here are some more details:
* The funding round was led by Glade Brook Capital Partners
and co-led by Washington Harbour Partners with participation
from existing investors.
* New capital will accelerate Apex's expansion of its
satellite manufacturing campus and fund "ahead-of-need
manufacturing" of its satellite platforms, the company said.
* Founded in 2022, Apex builds satellite buses designed to
host commercial and government payloads such as Earth-imaging
capabilities and sensors for missile tracking and defense.
* Earlier this week, Northrop Grumman ( NOC ) said it will
collaborate with Apex to support the development of U.S.
President Donald Trump's Golden Dome missile defense project.
* Apex also named Michael Kopet as its chief financial
officer.
* The company was valued at $1 billion in September last
year after raising $200 million in a funding round.