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Castelion Raises $1 Billion In Series C Funding To Enhance Production Of Its Low Cost Hypersonic Weapons. The Round Was Co Led By Jp Morgan Chase, Andreessen Horowitz, And Carlyle. announced it raised $1 Billion in an initial filing from an offering of $800 Million
Castelion has announced a $1 billion Series C fundraise to accelerate production of its hypersonic strike missile, Blackbeard. The financing includes $800 million in equity and $250 million for a revolving credit facility. The investment will also support the expansion into longer-range strike weapons and defensive systems. The round values Castelion at $13 billion.
Company Information
Company
Castelion
Location
Torrance, California, United States
About
Castelion builds American hypersonic deterrence through rapid, affordable, and scalable production of advanced strike weapons. Blackbeard is the first U.S. hypersonic system engineered from inception for industrial-rate output, commercial unit cost, and continuous flight test iteration. The company is headquartered in Torrance, California, with manufacturing operations in New Mexico, Texas, and California.
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