Castelion hits $13B valuation to mass-produce hypersonic missiles
In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion 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 JPMorgan Chase.
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Key Facts
- Fact 1: In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion Castelion, a missile startup founded by former SpaceX executives, has raised a $1 billion Series C at a $13 billion valuation.
- Fact 2: Founded in 2022, Castelion set out to manufacture hypersonic weapon systems at a lower cost and at faster speeds than traditional defense primes.
- Fact 3: Since then, the startup has secured more than $500 million in U.S.
- Fact 4: The Pentagon has been looking to procure more of these weapons, since the U.S.’s stockpile of hypersonic missiles capable of traveling at speeds above Mach 5 hasn’t kept pace with China’s.
In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion 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 JPMorgan 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.
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Original source: TechCrunch
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