TechCrunch reported that missile manufacturer Castelion secured financing at a $13 billion valuation, with Andreessen Horowitz, Carlyle and JPMorgan Chase co-leading the transaction. The article describes $800 million in equity and a $250 million revolving credit facility, although its headline financing description rounds the transaction to $1 billion. Existing backers including Lightspeed, General Catalyst and Altimeter also participated. The Torrance startup planned to expand production of Blackbeard missiles and other hypersonic weapons at its New Mexico facility. Former SpaceX executives founded the business in 2022.
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Business Castelion financing values hypersonic missile startup at $13 billion
TechCrunch reported that missile manufacturer Castelion secured financing at a $13 billion valuation, with Andreessen Horowitz, Carlyle and JPMorgan Chase co-leading the transaction
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