Reported about 14 hours ago
Castelion, a hypersonic weapons startup founded by ex-SpaceX executives, is raising $350 million in a Series B funding round led by Lightspeed Venture Partners and Altimeter Capital to scale its operations. This follows a successful $100 million Series A earlier in the year. As the U.S. military faces increasing competition from China's hypersonic advancements, Castelion aims to develop affordable missile systems quickly and efficiently, already garnering support from Department of Defense initiatives. Successful testing could lead to increased contracts and market presence in the lucrative hypersonic weapons sector.
Source: YAHOO