The US Navy awards Castelion an $89,997,162 contract to advance its Blackbeard hypersonic strike weapon toward Early Operational Capability (EOC) by 2028. The award is valued at nearly $90 million and targets the same 2028 milestone.
Castelion raises a $1 billion Series C at a $13 billion valuation to produce hypersonic weapons. Andreessen Horowitz, Carlyle, and JPMorgan Chase co-lead the round, which includes $800 million in equity and a $250 million revolving credit facility. The Torrance-based startup has secured more than $500 million in U.S. military contracts and plans to use the funding to produce Blackbeard missiles and other weapons at its New Mexico facility.
Castelion closes a $1 billion Series C at a $13 billion valuation, including $800 million in equity and a $250 million revolving credit facility. JPMorganChase, Andreessen Horowitz, and Carlyle co-lead the financing, which supports scaling production of low-cost hypersonic weapons.
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