
Castelion
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About Castelion
Castelion’s flagship product is the Blackbeard missile, which it plans to manufacture at a New Mexico facility.[1]
Castelion was founded in 2022 by a group of former SpaceX executives and applies commercial-aerospace manufacturing methods to hypersonic weapons.[1]
According to TechCrunch, Castelion closed a Series C financing that valued the company at $13 billion.[1]
The reported financing package totaled roughly $1 billion, including about $800 million in equity and a $250 million revolving credit facility.[1]
Andreessen Horowitz, Carlyle, and JPMorgan Chase reportedly co-led the financing, with Lightspeed, General Catalyst, and Altimeter participating again.[1]
Castelion reportedly secured more than $500 million in U.S. military contracts and earmarked the new capital to scale toward mass production.[1]
Products and services
Blackbeard
Castelion's flagship missile, planned for production at a facility in New Mexico.[1]
Funding
Funding events documented in Go Big News coverage. Amounts retain their reported currencies.
- Aug 20, 2026
Castelion closes Series C financing at a $13 billion valuation[1]
A roughly $1 billion financing package comprising about $800 million in equity and a $250 million revolving credit facility; the financing reportedly valued Castelion at $13 billion.
- Funding round:
- Series C
- Round amount:
- USD 1,000,000,000
References
This profile is assembled from Go Big News reporting and labeled public sources. Company-reported and secondary-source statements retain their attribution and date; omitted information is not a negative finding. Last updated Sep 8, 2026.
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