Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion
Carlyle Group participated in a $1 billion funding round for Castelion, a hypersonic munitions maker, alongside JPMorgan Chase and Andreessen Horowitz. The round values Castelion at $13 billion.
Why it matters — Carlyle's participation in a major funding round for a fast-growing defense technology company signals its activity and positioning in the defence sector.