“At XYZ, we’re constantly looking at the trends shaping defense, public sector, and aerospace needs, and it was clear to us that Apex was set up to serve truly momentous demand,” said Ross Fubini, managing partner of XYZ Venture Capital. “Without the satellite-building capabilities Apex brings to the market, it would be impossible for this country to stay ahead of its security and commercial space goals.”
Expansion and Future Plans
The funding comes as Apex, which has multiple direct contracts with the U.S. Department of Defense, prepares to open a new factory. This facility will further enhance the company’s ability to ramp up production, meeting the increasing demand from both commercial and defense sectors.
Legal counsel information for the firm advising Apex was not immediately available Wednesday.
