Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons

Castelion raises over $1B to expand operations, including hypersonic missile production in Rio Rancho

Castelion's billion-dollar funding round will include expansion of production of Blackbeard's hypersonic missiles in Rio Rancho.

WEAPONS SYSTEMS: Castelion pushes to develop defensive interceptors, hypersonic missiles

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Castelion hits $13B valuation to mass-produce hypersonic missiles

Founded in 2022, Castelion set out to manufacture hypersonic weapon systems at a lower cost and at faster speeds than traditional defense primes.

Blackbeard hypersonic missile heads for high-rate production in 2027

Defense technology company Castelion has raised $1 billion in Series C financing as it prepares to scale production of its Blackbeard hypersonic strike missile and expand into longer-range weapons and missile defense systems. The funding round values the company at $13 billion and combines $800 million in equity financing with $250 million in committed financing for a revolving credit facility, according to the company’s announcement. JPMorganCh…

Hypersonic missile startup Castelion is raising $1 billion at a $13 billion valuation

The round will fund expanded production of the Blackbeard hypersonic missile and development of longer-range strike and defensive weapons

Castelion raises $1B for Blackbeard hypersonic missile

Castelion has raised $1 billion in Series C financing at a $13 billion valuation, capital the company said will enable it to reach maximum production rate for its Blackbeard hypersonic strike missile and fund two further weapon lines.  The California-based company said the round combines $800 million in equity with $250 million in committed financing for a revolving credit facility. JPMorganChase’s Strategic Investment Group, Andreessen Horowitz…