Castelion, valued at $13 billion, wins Navy hypersonic missile contract
Former SpaceX executives win Navy program of record for low-cost hypersonic missile
Castelion, a startup co-founded by three former SpaceX executives and valued at $13 billion, has secured a U.S. Navy contract worth up to $200 million for its Blackbeard hypersonic missile, which has been designated a program of record. The company is betting it can overcome U.S. testing complications and production issues that have kept the country from fielding its own hypersonic missile, while China and Russia already have them.