A private company in the USA is developing low-cost hypersonic missiles
Article excerpt
The US startup Castelion, specializing in military technologies, has raised over $1 billion in its latest funding round. These funds will be directed towards the development of new types of both offensive and defensive weapons, including affordable hypersonic missiles, which has garnered particular interest from the Pentagon. In this new funding round, the company received support from major investment groups and venture funds, including JPMorgan Chase. The total amount raised reached $1.05 billion, increasing Castelion's estimated value to $13 billion just four years after its founding. Investors and the company's management are counting on the growing need of the Pentagon for missile and ammunition production amid global conflicts. They noted that the US is experiencing issues with weapons stockpiles and manufacturing capacities. Startups like Castelion could become a serious alternative to traditional defense companies, receiving support from the authorities. Castelion's operational methods largely mirror the successful approaches of SpaceX, which is not surprising given that the startup's founders previously worked at Elon Musk's company. In 2025, Castelion had already raised $350 million in its second funding round, and the new amount indicates increased investor interest in this sector. Over the past year and a half, the startup has signed contracts with the US...
Keep reading with a free account
The rest of this article, and every signal for Castelion, is in your free account.
Extracted from this sentence
This summer, the Navy ordered 50 pre-production missiles and 50 transport containers for a total of $23.4 million.
