Space Insider’s Post

Castelion a defense manufacturer based in El Segundo, California, has raised $100 million in equity and debt financing to ramp up prototype testing and scale production of its hypersonic strike weapon. The funding includes $70 million from a Series A round led by Lightspeed Venture Partners. The company has conducted three internal flight tests within a month and is working with the U.S. Navy, Army, and Air Force to develop a long-range hypersonic weapon designed for affordability and large-scale deployment. Castelion argues that mass-produced, low-cost hypersonic weapons will help the U.S. and its allies restore deterrence against China’s expanding military power by imposing a cost-exchange disadvantage on Beijing. What are your thoughts on this new funding? 💭

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