Point72 leads Apex's Series C funding round to support the company's mission in transforming satellite bus manufacturing in response to the growing demand in the space economy.

Target Information

Apex is dedicated to transforming satellite bus manufacturing to address the demands of the evolving space economy. Founded by Ian Cinnamon and Max Benassi, Apex was established to provide innovative solutions that meet the needs of the modern space industry, which increasingly requires more efficient and reliable satellite systems. By focusing on standardized and configurable bus designs, Apex aims to reduce reliance on bespoke manufacturing, enabling rapid production and integration for various satellite payloads.

The company offers a diverse lineup of spacecraft designed to operate across geostationary, medium, and low Earth orbits, all priced competitively compared to traditional providers. Apex’s innovative approach positions it to support the burgeoning demand for commercial satellites, driven by advancements in technology and reductions in launch costs.

Industry Overview

The satellite industry is experiencing significant growth, largely influenced by the decreasing costs of launching satellites and the increasing number of proliferated constellations, such as OneWeb and Project Kuiper. According to the General Accountability Office (GAO), it is projected that around 58,000 active satellites will