Hypersonic Missile Startup Castelion Raises $1 Billion
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4 Articles
(Seoul = Yonhap News) Reporter Seol Won-tae = Hypersonic missile manufacturing startup Castellion has completed a Series C investment round jointly led by investment firms Carlyle and JP Morgan...
Hypersonic missile startup Castelion raises $1 billion
Company founded by former SpaceX executives aims to produce a low-cost hypersonic weapon and a broader portfolio of longer-range strike and missile defense weapons The post Hypersonic missile startup Castelion raises $1 billion appeared first on SpaceNews.
Castelion CEO says $1 billion funding will scale Blackbeard hypersonic missile production and expand U.S. weapons capacity
The financing combines $800 million in equity with $250 million in committed financing for a revolving credit facility. The equity round was co-led by JPMorganChase’s Strategic Investment Group, Andreessen Horowitz and funds managed by Carlyle. Castelion said it has secured more than $500 million in U.S. military contracts during the past 18 months. The company moved Blackbeard from a clean-sheet design to a program of record in less than four y…
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