Defense startup Castelion, founded by former SpaceX executives, has successfully raised a $1 billion Series C funding round, pushing its valuation to $13 billion. The investment was co-led by prominent firms including Andreessen Horowitz, Carlyle, and JPMorgan Chase.
The company focuses on manufacturing cost-effective hypersonic weapon systems at scale, having already secured over $500 million in contracts from the U.S. military. This financial boost arrives as the Pentagon urgently seeks to expand its hypersonic missile stockpile to match capabilities demonstrated by competitors like China.
With the fresh capital, Castelion intends to scale up the production of its Blackbeard missiles and other tactical systems at its New Mexico manufacturing facility, aiming to significantly accelerate defense supply chains.
- Castelion secured a $1B Series C round at a $13B valuation.
- Funding was co-led by Andreessen Horowitz, Carlyle, and JPMorgan.
- The startup focuses on low-cost, high-speed hypersonic missile manufacturing.
- Efforts aim to help the U.S. close the hypersonic gap with China.
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