Castelion hits $13B valuation to mass-produce hypersonic missiles
In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion (opens in a new window) Marina Temkin Castelion hits $13B valuation to mass-produce hypersonic missiles 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.
- ▪In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion (opens in a new window) Marina Temkin Castelion hits $13B valuation to mass-produce hypersonic missiles Castelion, a missile startup founded by former SpaceX executives
- ▪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.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/08/20/castelion-hits-13b-valuation-to-mass-produce-hypersonic-missiles/ |
| Publication time | Thu, 20 Aug 2026 19:01:41 +0000 |
| Retrieval time | 2026-08-20T19:47:24.538Z |
| Last seen | 2026-08-20T19:47:24.538Z |
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In Brief Posted: 12:01 PM PDT · August 20, 2026 Image Credits:Castelion (opens in a new window) Marina Temkin Castelion hits $13B valuation to mass-produce hypersonic missiles 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. The funding for the startup is timely.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.
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