Castelion raises $1bn at $13bn to scale hypersonic weapon production
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Castelion has raised $1bn at a $13bn valuation.
Three SpaceX executives founded the company in 2022 to build missiles.
Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft.
The structure repays a close read.
The round is $800m in equity plus $250m of committed financing for a revolving credit […]
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