SPACE INDEX COMPANIES INSIGHTS SECTORS PRODUCTS NEWS BLOG ANSWERS RESEARCH ABOUT FOR COMPANIES BUILD / 2026.06.04
Apex logo Apex Designs and mass-manufactures standardized satellite bus platforms for commercial and government constellation deployments across LEO, MEO, and GEO orbits vs Magdrive Develops high-thrust electric plasma propulsion systems for satellites and spacecraft using pulsed power and solid metal propellant Magdrive logo
HEAD-TO-HEAD1 shared sector
Apex Magdrive
Founded 2022 2020
Headquarters Los Angeles, California United Kingdom
Type private private
Status operating operating
Employees 234 37
Total funding $522M $10.5M
Latest round Series D Seed
Sectors Satellite Manufacturing, Satellite Components & Subsystems Space Propulsion, Satellite Components & Subsystems
Products listed 3 3
Federal contracts 1 ($22.0M)
Launches
Leaders listed Ian Cinnamon, Max Benassi, Adam Corey Mark Stokes, Dr Thomas Clayson, Harald Nieder
News mentions 0 0
SHARED SECTORS
FREQUENTLY ASKED

How do Apex and Magdrive compare?

Both companies work in Satellite Components & Subsystems. Apex was founded in 2022 and Magdrive in 2020.

Which is larger, Apex or Magdrive?

Apex reports the larger workforce, with 234 employees versus 37.

Which has more US federal contracts, Apex or Magdrive?

Apex has been awarded more, with $22.0M across 1 awards.

Numbers refresh on every render against the live Space Index database. Federal contract data from USAspending.gov; launches from LaunchLibrary2.