Castelion
Castelion is a defense-tech company founded by former SpaceX executives. It builds the Blackbeard air-launched hypersonic strike missile, plus solid-rocket motors, avionics, seekers and full strike-weapon assemblies. Its main customer is the U.S. Navy, which awarded it about $50M in Feb 2026, about $105M in Apr 2026 and an order worth up to $200M in Sep 2026. A May 2026 Department of War framework covers at least 500 missiles a year, and the company reports over $500M in U.S. military contracts. In Aug 2026 it raised a $1B Series C ($800M equity plus a $250M credit facility) at a $13B valuation, to expand its 1,000-acre Project Ranger plant in New Mexico. Fielding is targeted for 2027.
Funding
Every round, secondary, debt facility or acquisition involving Castelion that AI Lounge tracks, newest first. Latest: Series C on Aug 19, 2026.
Timeline · 2
In the news
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