SynopsisSpace startup Apex has seen its valuation surge to $2.3 billion. This comes after a new funding round where the company raised over $200 million. The investment will fuel Apex's expansion in satellite manufacturing. The firm, founded in 2022, builds satellite buses for various payloads. Apex is also collaborating on a missile defense project.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 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. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now