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Galactic Energy achieved its fifth consecutive launch success with the 2023-01-09 Ceres-1 mission.
Galactic Energy plans to perform 8–10 Ceres-1 launches in 2023 to ramp up production and delivery rates.
Galactic Energy is developing a two-stage kerosene-LOX launcher called Pallas-1 designed to carry 5,000 kg to LEO or 3,000 kg to a 700-kilometer SSO.
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.
Galactic Energy’s Pallas-1 and iSpace’s Hyperbola-2 could launch in 2023.
Pallas-1 is a reusable kerosene-liquid oxygen launcher being developed by Galactic Energy.
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.
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 became the only Chinese private launch firm to reach orbit twice when its second Ceres-1 launched five satellites in December 2021.
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 successfully launched its Ceres-1 solid rocket in December 2021.
Galactic Energy plans around five launches of its Ceres-1 light-lift rocket in the second half of 2022.