Story perspectives

Castelion Raises $1B Series C for Blackbeard Missiles

8/30/2026

Summary

Story summary

Castelion secured $1 billion in Series C financing to accelerate Blackbeard missile production.
The round values the company at $13 billion and provides $800 million equity plus a $250 million credit facility.
Castelion will expand its 1,000-acre Project Ranger campus in New Mexico.
The expansion adds hundreds of millions to the earlier $250 million investment.
The U.S. Navy ordered 50 pre-production Blackbeard missiles for $23.4 million and a $105 million integration contract for F/A-18E/F Super Hornets.

1 of 1

Story summary

Castelion secured $1 billion in Series C financing to accelerate Blackbeard missile production.
The round values the company at $13 billion and provides $800 million equity plus a $250 million credit facility.
Castelion will expand its 1,000-acre Project Ranger campus in New Mexico.
The expansion adds hundreds of millions to the earlier $250 million investment.
The U.S. Navy ordered 50 pre-production Blackbeard missiles for $23.4 million and a $105 million integration contract for F/A-18E/F Super Hornets.