Ex-SpaceX founders raised $1bn to out-produce Lockheed
5 Articles
5 Articles
Ex-SpaceX founders raised $1bn to out-produce Lockheed
Castelion has raised $1bn at a $13bn valuation. Three SpaceX executives founded the company in 2022 to build missiles. Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft. The structure repays a close read. The round is $800m in equity plus $250m of committed financing for a revolving credit […] This story continues at The Next Web
Castelion Raises $1 Billion at $13 Billion Valuation to Expand Hypersonic Missile Production
Castelion, a defense technology startup founded by former SpaceX executives, has raised a $1 billion Series C at a $13 billion valuation. Andreessen Horowitz, Carlyle, and JPMorgan Chase co-led the financing, which will support increased production of the company’s hypersonic missile systems. Founded in 2022, the Torrance, California-based company develops hypersonic weapons with a focus on faster and lower-cost manufacturing than traditional de…
Castelion, founded in November 2022 by three former executives of SpaceX, has just raised $1 billion in series C, bringing its value to $13 billion. A spectacular economic trajectory based on a risky bet: mass production of hypersonic missiles at $384,000 per unit, which is 100 to 1,000 times less expensive than the existing American systems. In just four years, the Californian startup upsets the codes of a defence industry accustomed to long cy…
Carlyle backs $1bn Castelion funding round
Carlyle Group has joined JPMorgan Chase and Andreessen Horowitz in a more than $1bn funding round for defence technology company Castelion, highlighting growing PE and institutional investor interest in next-generation weapons manufacturing, according to a report by the Wall Street Journal. The California-based startup said the Series C financing values it at approximately $13bn. The round comprises about $800m of equity alongside a $250m revolv…
The global rearmament shoots up the demand for hypersonic missiles, and the series C round of Castelion, closed on August 20, shows how the investment in defense has ceased to be a niche to become one of the hottest thesis of the venture capital. The mega-round that breaks the taboo of the defense Castelion, based in Torrance, California, and specialized in the development of hypersonic missiles, has captured 800 million dollars in capital withi…
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