Overview
- Apex announced a funding round led by Glade Brook Capital Partners and Washington Harbour Partners that it says raised more than $200 million and lifted its valuation to about $2.3 billion.
- Company officials said the round was oversubscribed in roughly 10 days and that Apex accepted the money because of strong investor demand rather than immediate need.
- Proceeds will pay for a 2,800-square-meter expansion of Factory One in Los Angeles, ahead-of-need manufacturing and selective vertical integration to reduce supply‑chain bottlenecks.
- Apex is preparing the mid‑range Nova bus for a first flight it says is slated in about a month, while self-funding a roughly $15 million Project Shadow demonstration to test space‑based interceptor concepts tied to work with Northrop Grumman.
- Roughly two-thirds of Apex’s revenue comes from U.S. defense and intelligence customers, the company has doubled staff to over 350, and the raise follows a broader surge of large space-sector financings as firms push to scale production.