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The Defense Startup Taking a SpaceX Approach to Missiles

Bloomberg Technology Thursday 20 August 2026, 18:17 UTC 1 min read
Key Points

Defense startup Castelion has raised $1 billion at a $13 billion valuation as it races to scale production of its Blackbeard hypersonic weapon system and develop new long-range and defensive capabilities. Co-founder and CFO Andrew Kreitz discusses why manufacturing thousands of weapons at low cost is the company’s central challenge, and how his experience at SpaceX shaped Castelion’s approach. He joins Ed Ludlow on "Bloomberg Tech."

Defense startup Castelion has raised $1 billion at a $13 billion valuation as it races to scale production of its Blackbeard hypersonic weapon system and develop new long-range and defensive capabilities. Co-founder and CFO Andrew Kreitz discusses why manufacturing thousands of weapons at low cost is the company’s central challenge, and how his experience at SpaceX shaped Castelion’s approach. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
The Defense Startup Taking (ORG) SpaceX (ORG) Castelion (ORG) CFO (ORG) Andrew Kreitz (PERSON) Ed Ludlow (PERSON) Bloomberg Tech (ORG)
Originally published by Bloomberg Technology Read original →

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