Castelion Secures $1 Billion to Boost Hypersonic Weapons Production
Defense startup Castelion has successfully raised $1 billion in a Series C funding round, achieving a valuation of $13 billion. This capital will accelerate the production of its Blackbeard hypersonic weapon system and support the development of new long-range capabilities. Co-founder Andrew Kreitz emphasizes the challenge of manufacturing thousands of low-cost weapons, drawing on his experience at SpaceX.
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The Defense Startup Taking a SpaceX Approach to Missiles
Defense startup Castelion has raised $1 billion at a $13 billion valuation as it races to scale production of its Blackbeard hypersonic weapon system and develop new long-range and defensive capabilities. Co-founder and CFO Andrew Kreitz discusses why manufacturing thousands of weapons at low cost is the company’s central challenge, and how his experience at SpaceX shaped Castelion’s approach. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons
Funding drives Blackbeard to maximum production rate and accelerates a new longer-range strike system TORRANCE, Calif., Aug. 19, 2026 /PRNewswire/ -- Castelion, a cutting-edge defense technology company working to restore America's conventional deterrence capability, today announced a $1...
Castelion Raises $1 Billion Series C to Scale Production of Low-Cost Hypersonic Weapons
Funding drives Blackbeard to maximum production rate and accelerates a new longer-range strike system TORRANCE, Calif., Aug. 19, 2026 /PRNewswire/ -- Castelion, a cutting-edge defense technology company working to restore America's conventional deterrence capability, today announced a $1...