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The Defense Startup Taking a SpaceX Approach to Missiles
Bloomberg Technology· 2026-08-20 18:17
Defense tech startup, Castellen Yeah. Has raised a billion dollars at a $13,000,000,000 valuation. The round combines 800,000,000 in equity and 250,000,000 committed to a revolving credit facility.The firm, which builds weapons and defensive systems, plans to use the funding to boost production of its Black Beard hypersonic missile system. Casillion's cofounder and CFO, Andrew Kreitz, joins us here in San Francisco. A big round, and and let's start there, the participants in it, and how it came together.Yea ...