Castelion Raises $1 Billion for Hypersonic Missile Production
· Business · Bloomberg, TechCrunch
Defense startup Castelion has raised $1 billion at a $13 billion valuation to scale the production of its Blackbeard hypersonic weapon system. The company is currently working to develop new long-range and defensive capabilities while focusing on lowering manufacturing costs. CFO Andrew Kreitz noted that the firm is applying production strategies inspired by his experience at SpaceX to build thousands of weapons. The company aims to overcome the central challenge of mass-producing advanced military hardware efficiently.
Why it matters
The successful funding round signals growing investor interest in defense tech startups that promise to modernize military supply chains through high-volume, low-cost production.
Read the original report — Bloomberg
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