Castelion has raised $1bn at a $13bn valuation. Three SpaceX executives founded the company in 2022 to build missiles. Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft. The structure repays a close read. The round is $800m in equity plus $250m of committed financing for a revolving credit […]<br /> This story continues at The Next Web [...]
A home-battery company that did not exist three years ago is now worth $13bn. Base Power has raised $1bn in a Series D and launched its own battery, Base Core. The bet behind the number is blunt: the [...]
Baseten is finalising a $1.5bn funding round that values the company at up to $13bn. The structure is almost as notable as the size. The round is dual-tiered, with some investors buying in at an $11bn [...]
Castelion's Blackbeard hypersonic missile now costs under $300,000 per round, prompting the Navy to order 50 production units. [...]
Resolve AI, the production-operations startup backed by Greylock and Lightspeed Venture Partners, today announced a sweeping expansion of its platform that introduces always-on background agents, a re [...]
The Los Angeles defence startup flew a demonstrator the size of an F-16 in March. A third aircraft is now in development. CEO AJ Piplica says the only way to build hypersonic aircraft at this pace is [...]