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Castelion Stock

Private Company · Price from Hiive
$231.62 +0.06 (+0.03%)
As of Aug 31, 2026
Valuation$13B1
Valuation DateAug 19, 2026
Implied Valuation$13.01B
Last Price$231.62
52-Week Highn/a
52-Week Lown/a
YTD Return+121.90%
1-Year Returnn/a
3-Year Returnn/a
Total Funding$1.24B
Latest Round Amount$800M1
Latest RoundSeries C
Funding Rounds5
IPO StatusUnknown
Expected IPO Daten/a
Revenuen/a
Revenue Typen/a
P/S Ration/a

About Castelion

Castelion is a defense technology company that designs and mass-produces low-cost hypersonic strike missiles. Its first product, Blackbeard, is being integrated onto U.S. Army and Navy platforms, with initial fielding targeted for 2027. Castelion makes money by selling these weapons and related development work to the Pentagon. The company also builds rocket motors, avionics and seekers in house so it can test often and manufacture at scale.

Categories Defense, Defense Technology
Founded 2022
Country United States
CEO Bryon Hargis
Founders Bryon Hargis, Sean Pitt, Andrew Kreitz
Headquarters Torrance, CA

Invest in Castelion

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News

U.S. Navy Awards Castelion $90M to Advance Blackbeard to Early Operational Capability

The U.S. Navy awarded Castelion an $89.997 million firm-fixed-price order to advance its Blackbeard hypersonic strike weapon to early operational capability, building on prior low-cost strike producti...

7 days ago - Castelion

Castelion hits $13B valuation to mass-produce hypersonic missiles

Castelion raised a $1 billion Series C at a $13 billion valuation, comprising $800 million in equity and a $250 million credit facility, to scale production of its Blackbeard hypersonic missile.

12 days ago - TechCrunch

Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion

The funding round, which also includes JPMorgan Chase and Andreessen Horowitz, values the hypersonic munitions maker at $13 billion.

Other symbols: CG
12 days ago - WSJ

U.S. Navy Awards Castelion First Delivery Order for Blackbeard Hypersonic Weapon

Castelion received a $23.4 million Navy delivery order for 50 Blackbeard early operational capability pre-production prototypes and 50 storage and shipping containers, marking its first production del...

2 months ago - Castelion

U.S. Navy Awards Castelion First Delivery Order for Blackbeard Hypersonic Weapon

The Navy awarded Castelion a $23.4 million firm-fixed-price order for 50 Blackbeard early-operational-capability pre-production prototypes and 50 shipping containers. Work is based at the company's Pr...

2 months ago - Castelion

Saronic, Castelion to pair Marauder MUSV with Blackbeard hypersonic capability

Saronic and Castelion announced plans to integrate Castelion's Blackbeard hypersonic missile onto Saronic's Marauder unmanned surface vessel, targeting a first-of-its-kind maritime launch demonstratio...

2 months ago - Breaking Defense

Saronic and Castelion to Demonstrate First-of-Its-Kind Maritime Hypersonic Launch Capability

Castelion and Saronic said they will integrate the Blackbeard hypersonic missile with Saronic's Marauder unmanned surface vessel, aiming for a maritime launch demonstration in 2027. Saronic already su...

2 months ago - Castelion

Department of War Enhances Lethal Strike Capacity Through Partnership With New Entrants

The Department of War signed framework agreements including one with Castelion that sets terms for a minimum of 500 Blackbeard hypersonic missiles annually once testing is complete, with a pathway to ...

3 months ago - U.S. Department of War

Castelion and Department of War Sign Framework Agreement to Build Low-Cost Hypersonic Missiles for the Arsenal of Freedom

Castelion announced a production framework agreement with the Department of War to manufacture Blackbeard at a guaranteed minimum of 500 missiles per year once testing and validation are complete. The...

3 months ago - Castelion

Castelion Awarded $105M U.S. Navy Contract to Field Blackbeard on the F/A-18 Super Hornet in 2027

The Navy awarded Castelion a $105 million contract to integrate Blackbeard onto the F/A-18E/F Super Hornet and complete safety, certification and flight testing for carrier operations. The company is ...

4 months ago - Castelion

Castelion Awarded $49.9M Navy Contract to Advance Blackbeard Hypersonic Strike Weapon

The Navy awarded Castelion $49,998,005 to advance Blackbeard from prototype to integrated early operational capability. Work will be performed in Torrance, California and is expected to be completed i...

6 months ago - Castelion

Castelion Breaks Ground on Project Ranger, Advancing Scaled Hypersonic Manufacturing in New Mexico

Castelion broke ground on Project Ranger, a 1,000-acre hypersonic manufacturing campus in Sandoval County, New Mexico. The company said the site represents more than $220 million in private investment...

7 months ago - Castelion

Castelion Closes $350 Million Series B to Mass Produce U.S. Hypersonic Weapons

Castelion raised $350 million in Series B financing led by Altimeter Capital and Lightspeed Venture Partners. The company said the capital would fund Blackbeard platform integration, construction of P...

9 months ago - Castelion

Castelion Announces Project Ranger, New Mexico's Newest Hypersonic Manufacturing Campus

Castelion selected Sandoval County, New Mexico, as the site for Project Ranger, a 1,000-acre solid rocket motor campus for hypersonic systems. The company projected 300 jobs and more than $100 million...

10 months ago - Castelion

Castelion Secures Multiple Awards to Integrate Blackbeard Hypersonic Strike Weapon on U.S. Army and U.S. Navy Platforms

Castelion said it won its first platform-integration awards to put Blackbeard on operational U.S. Army and Navy systems and demonstrate the weapon in live-fire tests. The company described the awards ...

11 months ago - Castelion

Castelion Announces Series A Funding

Castelion announced a $100 million raise that included a $70 million Series A led by Lightspeed Venture Partners and $30 million of venture debt from Silicon Valley Bank. The company said the capital ...

1 year ago - Castelion

a16z-backed Castelion wants to mass-produce defense hardware, starting with hypersonics

TechCrunch covered Castelion's emergence from stealth with a $14.2 million seed round co-led by Andreessen Horowitz and Lavrock Ventures. The company said it would start with hypersonic long-range str...

3 years ago - TechCrunch