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Top related persons:
CNBC's Michael Sheetz - 1 – - 1 Ian Cinnamon - 1 Max Benassi - 1 Cinnamon - 1 We're - 1 they're - 1 Andreessen Horowitz - 1
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Los Angeles Apex
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Aries - 1 Shield Capital - 1 Apex - 1

Search resuls for: "Max Benassi"


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☆ Spacecraft builder Apex raises $16 million from a16z and Shield Capital, reveals first customers
  + stars: | 2023-06-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +2 min
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
☆ Andreessen Horowitz-backed startup takes on mass producing spacecraft
  + stars: | 2022-10-24 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +1 min
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.
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