Hypersonic missile maker Castelion raises $1 billion at $13bn valuation
Castelion, the Torrance-based hypersonic missile developer founded by former SpaceX executives, has raised $1 billion in a Series C round valuing the company at $13 billion. The round includes $800 million in equity and $250 million in committed credit. JPMorgan Chase, Andreessen Horowitz and others participated. The company aims to produce low-cost hypersonic weapons and expand into longer-range strike and missile defence systems.
Why it matters: A $13 billion valuation for a pre-production missile start-up signals that American investors now treat hypersonics as a category with venture-scale exit potential — a financing model Europe has yet to replicate in deep-strike munitions.
CastelionJPMorgan ChaseAndreessen HorowitzUnited States Defence Blog →SpaceNews →