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Event Brief

Castelion raises $1B Series C at $13B valuation

Filed: Aug 20, 2026 at 4:08 PM ET
Summary: Missile startup Castelion, founded in 2022 by former SpaceX executives, raised a $1 billion Series C at a $13 billion valuation. The round was co-led by Andreessen Horowitz, Carlyle, and JPMorgan Chase and includes $800 million in equity plus a $250 million revolving credit facility.
WHO: Castelion; Andreessen Horowitz; Carlyle; JPMorgan Chase
WHAT: Castelion raised a $1 billion Series C to scale production of hypersonic missiles, including its Blackbeard system.
WHEN: Aug 20, 2026 at 3:01 PM ET
WHERE: New Mexico, USA
WHY: The funding is intended to help Castelion mass-produce hypersonic missiles, using its New Mexico production facility.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.

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