Castelion hits $13B valuation to mass-produce hypersonic missiles

Castelion, a missile startup founded by former SpaceX executives, has raised a $1 billion Series C at a $13 billion valuation. The round was co-led by Andreessen Horowitz, Carlyle, and JP Morgan Chase. Founded in 2022, Castelion set out to manufacture hypersonic weapon systems at a lower cost and at faster speeds than traditional defense primes. Since then, the startup has secured more than $500 million in U.S. military contracts. The funding for the startup is timely. The Pentagon has been looking to procure more of these weapons, since the U.S.’s stockpile of hypersonic missiles capable of travelling at speeds above Mach 5 hasn’t kept pace with China’s. Castelion is betting it can help close the gap with its faster manufacturing process. The Torrance, Calif.-based startup will use the fresh capital to produce its Blackbeard missiles, named after a fierce English pirate, and other hypersonic weapons in its New Mexico production facility. The funding round, which included participation from existing backers including Lightspeed, General Catalyst, and Altimeter, comprised $800 million in equity and a $250 million revolving credit facility. In less than 48 hours, your chance to save up to $300 on your tickets will end! Newsletters See More Subscribe for the industry’s biggest tech news Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility is your destination for transportation news and insight. Startups are the core of TechCrunch, so get our best coverage delivered weekly. Provides movers and shakers with the info they need to start their day. By submitting your email, you agree to our Terms and Privacy Notice. --- **İlgili Kaynaklar:** dijital pazarlama ve büyüme stratejileri ihtiyaçlarınız için [dijital pazarlama](https://www.leindigital.com) doğru adres.