Apex has raised more than $200 million to expand in-house satellite production capabilities, announcing a funding round June 5 it says nearly doubled the four-year-old manufacturer's valuation to $2.3 billion.
The funding round was led by investment firms Glade Brook Capital Partners and Washington Harbour Partners, which also joined launch startup Stoke Space's Series D round last year and have invested elsewhere in the industry.
Apex has now raised more than $718 million to date, according to space analytics provider BryceTech, including a $200 million funding round nine months ago that made it one of the industry's fastest companies to reach unicorn status, a term for privately held firms valued at $1 billion or more.
