By Joey Roulette

WASHINGTON (Reuters) -Apex Space, one of a growing number of U.S. startups building a speedy production line of spacecraft platforms, closed a $200 million funding round on Friday that brought its valuation to $1 billion as the Pentagon signals enormous demand for defense systems in space.

The Los Angeles-based startup’s Series D round was led by Interlagos, a venture capital firm founded by former senior finance heads at Elon Musk’s SpaceX. Existing investors include Andreessen Horowitz, Point72 Ventures and 8VC.

Apex, founded in 2022, builds satellite buses designed to host commercial and government payloads, such as Earth-imaging capabilities and sensors for missile-tracking and defense. The company said its latest funding round will help speed spacecraft production

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