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Starhammer

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Cambridge Aerospace hits $3.4bn valuation as 30,000-interceptor production target tests defence-tech scale

Cambridge Aerospace has secured $300 million at a $3.4 billion valuation as it scales Skyhammer interceptor production and develops Starhammer. The valuation has more than doubled in four months, but manufacturing 2,500 interceptors a month and converting government testing into repeat procurement will determine whether the private-market enthusiasm is justified.