:

Business/Financial

Castelion Raises $1 Billion To Produce Hypersonic Weapon Sooner, Develop New Weapons

By Cal Biesecker

Thursday, August 20th, 2026

SHARE:

Castelion Raises $1 Billion To Produce Hypersonic Weapon Sooner, Develop New Weapons

Castelion's Blackbeard hypersonic missile. Photo: Castelion

Hypersonic weapons developer Castelion Wednesday night said it has raised $1 billion in a new funding round to accelerate production of its Blackbeard hypersonic weapon and develop new, longer-range strike weapons and defensive systems. The Series C round was co-led by JPMorganChase’s Strategic Investment Group, Andreesen Horowitz and funds managed by the investment firm Carlyle [CG]. Castelion says Blackbeard is low-cost and mass producible. The California-based startup said the hypersonic weapon will be fielded next year. The Navy in June…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]