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Galactic Energy (Beijing Xinghe Dongli Space Technology Co. Ltd.)

CN

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.

commercialFounded 2018
Beijing, Beijing, China
Admin Edit
0.0-5.0

All verified mentions of this organization in source documents.

Galactic Energy delivered a payload into orbit in November and plans two launches of its Ceres-1 solid launcher in the second half of 2021.

PlanRelationshipsValue 4.3Feb 1, 2021China’s iSpace suffers failure with second orbital launch attempt

Galactic Energy secured $29,900,000 in funding in 2020 as a Chinese NewSpace launch company.

FinancialGeneralValue 4.0Jan 19, 2021China’s iSpace advances with IPO plans, reusable launcher landing leg tests

Galactic Energy became the second non-state-owned Chinese rocket company to reach orbit in November 2020.

CapabilityGeneralValue 3.5Dec 22, 2020China launches first Long March 8 from Wenchang spaceport

Galactic Energy is developing the medium-lift Pallas-1 launcher, which is planned for late 2022, will burn kerosene and liquid oxygen, and will be capable of vertical takeoff, vertical landing (VTVL).

PlanCapabilityGeneralValue 4.3Nov 30, 2020China pushes ahead with super-heavy-lift Long March 9

Galactic Energy became the second private company in China to successfully launch a satellite to orbit.

CapabilityGeneralValue 2.5Nov 9, 2020China’s New Carrier Rocket Drives IoT Smallsat To Orbit

Beijing Guodian Gaoke Technology Co. Ltd., also known as Galactic Energy, developed the CERES-1 launch vehicle.

CapabilityValue 4.0Nov 9, 2020China’s New Carrier Rocket Drives IoT Smallsat To Orbit

Galactic Energy has raised $43,000,000 (300 million yuan) in total since its establishment in February 2018.

FinancialGeneralValue 4.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Landspace’s planned Zhuque-2 methalox launcher and Galactic Energy’s Pallas-1 are planned to be more capable than iSpace’s Hyperbola-2.

CapabilityValue 4.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy designed Pallas-1 to carry four metric tons to LEO or two metric tons to a 700-kilometer Sun-synchronous orbit.

CapabilityValue 4.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy signed a deal with the city of Jianyang under the administration of Chengdu to build a rocket research, testing, and manufacturing facility.

RelationshipsGrowthValue 4.5Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy raised $29,900,000 (200 million yuan) in an A round funding led by Huaqiang Chuangtou.

FinancialRelationshipsValue 4.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy says it has developed designs and procedures intended to reduce costs and allow multiple engine reuses for Pallas-1.

CapabilityFinancialValue 3.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy initially planned the Ceres-1 launch for the first half of 2020 before COVID-19-related delays occurred.

PlanValue 3.0Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy is developing the Pallas-1 kerosene and liquid oxygen launch vehicle with a test flight currently expected in late 2022.

PlanCapabilityValue 4.2Nov 7, 2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

Galactic Energy is developing the kerolox Pallas-1 reusable launcher with a test launch slated for late 2022.

PlanGeneralValue 4.0Nov 6, 2020China sets targets for smart, recoverable and reusable launch vehicles

Galactic Energy, a commercial launch company, could launch its first rocket in the first week of November 2020.

PlanValue 2.8Oct 26, 2020China launches latest trio of Yaogan-30 remote sensing satellites

The Galactic Energy base in Jianyang has a planned total investment of about $225,000,000.

FinancialGrowthPlanValue 4.0Oct 23, 2020Chinese rocket companies secure local government support for research, production facilities

Galactic Energy raised $21,500,000 in late 2019 and around $43,000,000 in total.

FinancialValue 4.5Oct 23, 2020Chinese rocket companies secure local government support for research, production facilities

Galactic Energy is preparing to launch its solid rocket Ceres-1 from Jiuquan in early November 2020.

PlanGeneralValue 4.0Oct 19, 2020China’s CASIC reveals five-year plan for reusable spaceplane, commercial space projects

Galactic Energy’s partially reusable Pallas-1 launcher is designed to launch four metric tons to LEO or two metric tons to SSO and was slated for a test flight in late 2022.

CapabilityPlanValue 4.2Aug 25, 2020Chinese space launch firm iSpace raises $173 million in series B funding
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