Castelion raises $350 million to scale hypersonic missile production
WASHINGTON — Castelion, a defense technology startup led by former SpaceX engineers, announced Dec. 5 it raised $350 million in Series B financing to accelerate high-volume production of hypersonic weapons for the Pentagon.
The California-based company has positioned itself as a vertically integrated builder of hypersonic missiles, an area where U.S. officials acknowledge a lag behind China and Russia. Castelion’s first weapon is being developed for the U.S. Army and Navy, and the firm has secured multiple research and development contracts from the Air Force Research Laboratory.
The latest financing was led by Altimeter Capital and Lightspeed Venture Partners, with participation from Lavrock Ventures, Andreessen Horowitz, General Catalyst, First In, Space VC, Cantos, BlueYard, ...




