- Castelion raised a $1 billion Series C at a $13 billion valuation, co-led by Andreessen Horowitz, Carlyle, and JPMorgan Chase.
- The funding comprises $800 million in equity and a $250 million revolving credit facility, with participation from Lightspeed, General Catalyst, and Altimeter.
- Founded in 2022 by former SpaceX executives, Castelion has secured more than $500 million in U.S. military contracts.
The company’s valuation and contract figures are self-reported and lack independent verification, which could affect its market credibility and future fundraising.