星河动力（北京）空间科技有限公司
Galactic Energy (Beijing Xinghe Dongli Space Technology Co. Ltd.) is a Chinese private space launch company established in 2018. It focuses on developing and launching low-cost, high-frequency launch vehicles, including the Ceres-1 solid propellant rocket and the Pallas-1 liquid-fueled rocket, to meet the growing demand for commercial satellite deployments. Galactic Energy aims to provide launch services for narrow-band Internet of Things network construction and constellation supplement. The company has secured funding from domestic and international sources to support its launch vehicle development.
All verified mentions of this organization in source documents.
Galactic Energy is developing the two-stage kerosene-liquid oxygen Pallas-1 designed to carry 5,000 kg to LEO or 3,000 kg to a 700-kilometer SSO.
Pallas-1 is a reusable kerosene-liquid oxygen launcher being developed by Galactic Energy.
Galactic Energy became the only Chinese private launch firm to reach orbit twice when its second Ceres-1 launched five satellites in December 2021.
Expace raised $237,000,000 in a B round funding in June backed by seven undisclosed investors, surpassing Galactic Energy's funding round.
Galactic Energy secured $200,000,000 in funding for Pallas-1 in January, which was the largest funding round of any launch company in China at that time.
Galactic Energy became the second Chinese private launch firm to reach orbit in November 2020.
Galactic Energy is planning to launch its third Ceres-1 solid rocket within a few months and could test a sea launch of Ceres-1 before the end of the year.
Expace’s $237,000,000 B round exceeds the $200,000,000 raised by Galactic Energy earlier in the same year.
Galactic Energy planned to begin a new set of launches of its Ceres-1 solid rocket in the second half of 2022.
Galactic Energy has succeeded with both launches of its Ceres-1 rocket and plans a third launch around July 2022.
Galactic Energy raised $200,000,000 in January, setting a new record for Chinese launch company funding rounds.
Private firms iSpace and Galactic Energy are operating light-lift solid rockets while developing reusable liquid launchers.
Galactic Energy plans a first launch of the Pallas-1 launcher in 2023.
Galactic Energy secured $200,000,000 in January and will use the funds for upcoming launches of the Ceres-1 solid rocket and the larger kerosene-LOX Pallas-1 launcher.
Galactic Energy plans around five launches of its Ceres-1 light-lift rocket in the second half of 2022.
Galactic Energy successfully launched its Ceres-1 solid rocket in December 2021.
Galactic Energy reached orbit twice with its Ceres-1 solid rocket and is developing the VTVL-capable Pallas-1 liquid rocket targeting launch around early 2023.
Galactic Energy is planning as many as 5–6 launches in 2022, starting in the second half of the year.
Galactic Energy raised $200,000,000 in two funding rounds during the second half of 2021.
Beijing-based InterSpace Explore signed a deal in August 2021 with Galactic Energy for launch of the Zengzhang-1 demonstration returnable satellite on a Ceres-1 solid rocket in 2022.