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 attempted to launch its Ceres-1 vehicle into sun-synchronous orbit from the Jiuquan Satellite Launch Center at 12:02 pm China Standard Time on November 10.
GALACTIC-ENERGY launched CERES-1 Y19 from Jiuquan at 04:02 UTC on November 10.
Galactic Energy announced on November 4th that Pallas-1's first-stage conducted its static fire, igniting seven CQ-50 engines.
Galactic Energy verified Pallas-1's simultaneous ignition system and propellant loading and unloading during the static fire.
Galactic Energy plans to conduct a launch and recovery test in 2026.
Galactic Energy organized and implemented the test of the first stage of the Pallas-1 carrier rocket on November 4, 2025, at around 8 am Beijing time.
GALACTIC-ENERGY completed a static fire of Pallas-1's 1st stage.
Galactic Energy conducted a successful static fire test of the first stage of its Pallas-1 launcher at Haiyang.
Galactic Energy plans to launch the Pallas-1 from Jiuquan soon.
Galactic Energy is the fourth launch service provider to file for an IPO in a few months.
Galactic Energy's recent valuation followed a ¥2.4 billion fundraise.
Galactic Energy is filing for an IPO.
Galactic Energy was recently valued at ¥15-15.8 billion, which is approximately $2.1-2.2 billion.
Galactic Energy has released the mission patch for the first launch of the Ceres-2 solid rocket.
China’s commercial space sector has a five-way race to be the first to fly a reusable rocket, involving iSpace, Space Pioneer, LandSpace, Galactic Energy, and CAS Space.
Galactic Energy reported a mass-to-orbit of 0 kg with a known percentage of 0%.
Galactic Energy has identified remaining milestones for Pallas-1’s debut flight, including a first-stage static fire and final assembly of the flight vehicle.
Galactic Energy completed its D series funding round, raising 2.4 billion Yuan (approximately 336.37 million United States Dollars).
Investors in Galactic Energy's D series funding round include Beijing Commercial Aerospace and various regional investment funds linked to government entities.
Galactic Energy has completed a nearly four-minute static fire of Pallas-1’s second stage using rocket-grade kerosene and liquid oxygen.