This Torrance Startup Just Raised $1B to Mass-Produce Hypersonic Missiles
Torrance defense startup Castelion secured a $1 billion Series C at a $13 billion valuation to scale production of affordable hypersonic missiles. The round, featuring equity and a credit facility, was co-led by JPMorgan Chase, Andreessen Horowitz and Carlyle. For LA entrepreneurs, it highlights surging investor appetite for cost-effective defense tech that accelerates military innovation beyond traditional timelines.
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