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Galactic Energy raised $21,500,000 in a 2020 funding round for its launch business.
State-owned spinoffs China Rocket and Expace, and private companies Galactic Energy, iSpace, OneSpace, Deep Blue Aerospace, and Landspace are planning launches 2021.
Private Chinese launch companies Galactic Energy, iSpace, OneSpace, Deep Blue Aerospace, and Landspace are planning launches 2021.
Commercial Chinese launch providers China Rocket Co. Ltd., Expace, Galactic Energy, CAS Space, Deep Blue Aerospace, and Landspace were planning launches in 2021.
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.
Galactic Energy secured $29,900,000 in funding in 2020 as a Chinese NewSpace launch company.
Galactic Energy became the second non-state-owned Chinese rocket company to reach orbit in November 2020.
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).
Beijing Guodian Gaoke Technology Co. Ltd., also known as Galactic Energy, developed the CERES-1 launch vehicle.
Galactic Energy became the second private company in China to successfully launch a satellite to orbit.
Landspace’s planned Zhuque-2 methalox launcher and Galactic Energy’s Pallas-1 are planned to be more capable than iSpace’s Hyperbola-2.
Galactic Energy signed a deal with the city of Jianyang under the administration of Chengdu to build a rocket research, testing, and manufacturing facility.
Galactic Energy has raised $43,000,000 (300 million yuan) in total since its establishment in February 2018.
Galactic Energy raised $29,900,000 (200 million yuan) in an A round funding led by Huaqiang Chuangtou.
Galactic Energy is developing the Pallas-1 kerosene and liquid oxygen launch vehicle with a test flight currently expected in late 2022.
Galactic Energy designed Pallas-1 to carry four metric tons to LEO or two metric tons to a 700-kilometer Sun-synchronous orbit.
Galactic Energy says it has developed designs and procedures intended to reduce costs and allow multiple engine reuses for Pallas-1.
Galactic Energy initially planned the Ceres-1 launch for the first half of 2020 before COVID-19-related delays occurred.
Galactic Energy is developing the kerolox Pallas-1 reusable launcher with a test launch slated for late 2022.
Galactic Energy, a commercial launch company, could launch its first rocket in the first week of November 2020.