Space Startup Apex Raises $200 Million, Reaches Unicorn Status

Space startup Apex has raised $200 million in a new funding round, reaching unicorn status as it supports companies and governments developing satellite networks.

The new round was led by Interlagos, a venture capital firm started by former SpaceX employees, and takes Apex’s valuation to over $1 billion, according to the company.

The Los Angeles-based company makes and sells satellite buses, which control operations like power generation and communication and allow for customers to add equipment such as cameras, scientific instruments or defense technology.

Workers at Apex’s factory in Los Angeles.

Source: Apex

Apex recently expanded its factory in Los Angeles, boosting production capacity from 12 ...