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 was preparing to launch its first rocket, the Ceres-1 solid rocket, at the end of September from Jiuquan in the year referenced by the source.
Galactic Energy is expected to launch its first Ceres-1 solid launcher in August or September 2020.
Galactic Energy expected to launch Ceres-1 from Jiuquan in the August–September 2020 timeframe after COVID-19-related delays.
Galactic Energy secured $21,500,000 in funding in December 2019 for the Ceres-1 launch and development of the Pallas-1 kerosene/liquid oxygen launch vehicle.
Galactic Energy performed a successful payload fairing separation test for Ceres-1 in May 2020.
State-run Expace and private firms including Landspace, iSpace, OneSpace, Linkspace, and Galactic Energy are developing launch vehicles to provide low-cost launch services domestically and internationally.
Galactic Energy raised $21,500,000 in a funding round led by Puhua Capital and Huaqiang Capital with six further investors.
Galactic Energy has raised $43,000,000 (300 million yuan) in total.
Galactic Energy previously planned the first Ceres-1 launch for March 2020 and had customers booked for that launch.
Galactic Energy has developed designs intended to reduce costs and allow multiple reuses of the Pallas-1 kerolox engine.
Galactic Energy plans its first launch with a solid rocket in the first half of 2020.
Beijing Xinghe Dongli Space Technology Co. Ltd. (Galactic Energy) performed a hot fire test of the third stage of its solid-propellant Ceres-1 on 2019-12-03.
Galactic Energy performed first and second stage engine tests for Ceres-1 prior to 2019-12-03.
Galactic Energy is developing an RP-1/liquid oxygen launch vehicle named Pallas-1 that will be capable of launching four metric tons to low Earth orbit or two metric tons to sun-synchronous orbit.
Galactic Energy plans to carry out ground tests across 2019 and aims to complete assembly of Ceres-1 late in 2019.
Galactic Energy is developing an RP-1/LOX launch vehicle named Pallas-1 capable of launching four metric tons to LEO or two tons to SSO.
Galactic Energy tested the gas generator for Pallas-1’s 40-tonne-thrust kerolox engine in early July.
Galactic Energy will use funding to develop reusable liquid oxygen and kerosene engines for the future Pallas-1 launch vehicle.
Galactic Energy received nearly 100 million RMB (US$14,900,000) in series A+ financing in January from Kexin Capital, New Potential Energy Fund, and others.
Galactic Energy was established in 2018.