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CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Building the backbone of a spacecraft – the satellite bus, which provides the structure, power and movement – has long been a mission-focused endeavor. But Los Angeles-based Apex, founded last year by Ian Cinnamon and Max Benassi, is working to create a satellite bus manufacturer that flips that practice on its head. The startup raised an additional $16 million in a round led by VC firms Andreessen Horowitz and Shield Capital, bringing its total raised to over $27 million, Apex said. "Fundamentally, we're building a real business with real unit economics where we're able to make money on every single sale," he added.
Persons: CNBC's Michael Sheetz, , Ian Cinnamon, Max Benassi, Cinnamon, We're, they're, Andreessen Horowitz Organizations: Aries, Shield Capital, Apex Locations: Los Angeles, Apex
Los Angeles-based Apex Space, led by co-founders Ian Cinnamon and Max Benassi, wants to better produce spacecraft at scale. "The one element holding everything back is really on the satellite bus side. They enter an increasingly competitive space subsector of satellite bus manufacturing, with the likes of York Space, which recently reached a $1 billion valuation. But Cinnamon says the market standard is still "handmade" spacecraft that take years to evolve from order to design to delivery. "We're not designing a new satellite bus every single time.
A 2019 ranking of business-school admission rates showed Stanford Graduate School of Business (GSB) at the top of the list of most selective schools. Education specialists Quacquarelli Symonds recently released its 2021 Global MBA Ranking, and Stanford ranked as the best business school in the world. To that end, Insider asked six Stanford business school grads, as well as the assistant dean of MBA admissions and financial aid, for their insights on how to get noticed and tapped by Stanford GBS's extremely selective admissions committee. His top advice for Stanford business school applicants is to not be an imitation of a type. Other Stanford business school alumni validated this advice.
The popular course "Interpersonal Dynamics" was nicknamed "Touchy Feely" by professors and students. Stanford GSB shared with Business Insider that 95% of Stanford GSB students take this beloved course, even though it's not required. Courtesy of Ian CinnamonCinnamon added that now, whenever he's in any difficult situation, it's become "instinct" to think back to what he learned from the "Touchy Feely" course. "'Touchy Feely' has been influential in much of our work at Impact Experience," she said. "'Touchy Feely' and the courses in leadership that build from its approach … helped me develop the tools I now employ on a daily basis."
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