Hypersonic jet startup Hermeus raises $350 million

Hermeus Corp., a startup focused on developing hypersonic aircraft, has successfully secured $350 million in a new funding round. This substantial investment will fuel the company's expansion and accelerate its ambitious goal of creating the world's fastest uncrewed aircraft. The primary client for these advanced aerospace technologies is the US Department of Defense, highlighting the strategic importance of Hermeus's innovations in national security and defense capabilities. The company's valuation now surpasses $1 billion, officially designating it as a unicorn.