Trump Administration Announces $1.5 Trillion Defense Budget as SpaceX-Backed Castelion Launches $220M Missile Factory

According to BlockBeats, on June 30, the Trump administration announced a record $1.5 trillion defense budget request aimed at replenishing military stockpiles. SpaceX-backed startup Castelion, founded by three former SpaceX employees, is capitalizing on the surge, announcing contracts to deliver at least 500 hypersonic missiles annually using fixed-price agreements that shift cost risks to contractors. The company has raised over $550 million in private funding.

Castelion selected Sandoval County, New Mexico, for a 1,000-acre manufacturing facility with a $220 million investment, projected to create 300 high-paying jobs and generate $650 million in economic benefits over ten years. The state won the bid through access to talent from Sandia and Los Alamos National Laboratories and efficient bipartisan government coordination.