We're In the Middle of a New Space Race: Apex CEO

Business Expansion & Production - Apex is expanding its factory to accommodate the industry shift towards proliferated systems, moving away from expensive, exquisite systems [1] - Before the funding round, Apex produced approximately 12 satellites per month; now, it can produce about 80 satellites per month [2] - The company is scaling manufacturing to meet high demand from both government and commercial sectors [3] Market Demand & Opportunities - Demand for constellations is driven by US defense initiatives and commercial companies like SpaceX [4][5] - Consumer electronics, such as new Apple products, are increasing constellation requirements [6] - The company sees a new space race, emphasizing the need to increase manufacturing capabilities to compete with adversaries [4] Supply Chain & Manufacturing - Apex primarily uses US components and vertically integrates manufacturing in-house [8] - By controlling the supply chain, Apex aims to ensure rapid production of satellite platforms [9] - The company is located in Los Angeles, an aerospace capital, providing access to talent, but still needs to hire dozens to hundreds of roles [10][11] Government Relations & Strategy - Apex advocates for the US government to rethink acquisition processes [12] - The company invests in building products before government demand, enabling rapid supply [13] - Apex encourages the government to focus on commercially available off-the-shelf products instead of custom solutions [15]