SpaceFortuneabout 2 hours ago
Castelion Valued at $13 Billion
4 min read
Defense startup Castelion is valued at $13 billion after securing a notable customer in the U.S. Navy. Founded in 2022 by former SpaceX executives, the company aims to produce low-cost hypersonic missiles to help the U.S. catch up with China and Russia. The firm now faces a strong need to ramp up production by 2027 to meet unpredictable geopolitical demands.
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