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

CN
commercialFounded 2018
Beijing, Beijing, China
Admin Edit

Verified facts grounded in source documentation.

Galactic Energy raised $200,000,000 in January, setting a new record for Chinese launch company funding rounds.

NARRATIVE GENERAL4/22/2022Chinese reusable rocket startup secures new funding round

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.

NARRATIVE FINANCIAL2/10/2022Chinese space launch startups attract a frenzy of investment

Galactic Energy plans a first launch of the Pallas-1 launcher in 2023.

NARRATIVE GENERAL2/10/2022Chinese space launch startups attract a frenzy of investment

Galactic Energy successfully launched its Ceres-1 solid rocket in December 2021.

TECHNICAL PRODUCT2/9/2022China plans more than 50 space launches in 2022

Galactic Energy raised $200,000,000 in two funding rounds during the second half of 2021.

NARRATIVE FINANCIAL1/24/2022China’s Galactic Energy raises $200 million for reusable launch vehicle development

Galactic Energy became the first Chinese private launch firm to reach orbit twice with its Ceres-1 solid rocket in December 2021, placing five satellites into Sun-synchronous orbit.

NARRATIVE GENERAL1/24/2022China’s Galactic Energy raises $200 million for reusable launch vehicle development

Galactic Energy raised $29,900,000 in November 2020 following the successful first launch of the Ceres-1.

NARRATIVE GENERAL1/24/2022China’s Galactic Energy raises $200 million for reusable launch vehicle development

Galactic Energy successfully launched a Ceres-1 solid rocket in December 2021.

TECHNICAL PRODUCT12/30/2021China closes record-breaking year with orbital launches from Jiuquan and Xichang

Galactic Energy became the first Chinese private firm to reach orbit twice with the 2021-12-06 Ceres-1 launch.

NARRATIVE GENERAL12/7/2021Chinese private firm Galactic Energy puts five satellites in orbit with second launch

Galactic Energy raised $21,500,000 in 2020.

NARRATIVE FINANCIAL8/10/2021Chinese hypersonic spaceplane company raises $46 million

Galactic Energy raised $21,500,000 in a 2020 funding round for its launch business.

NARRATIVE FINANCIAL4/25/2021China’s commercial sector finds funding and direction

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

NARRATIVE FINANCIAL1/19/2021China’s iSpace advances with IPO plans, reusable launcher landing leg tests

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

NARRATIVE FINANCIAL11/7/2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

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

NARRATIVE FINANCIAL11/7/2020Chinese rocket firm Galactic Energy succeeds with first orbital launch, secures funding

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

NARRATIVE FINANCIAL10/23/2020Chinese rocket companies secure local government support for research, production facilities

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.

NARRATIVE FINANCIAL6/5/2020Chinese private launch firms advance with methane engines, launch preparations and new funding

Galactic Energy raised $21,500,000 in a funding round led by Puhua Capital and Huaqiang Capital with six further investors.

NARRATIVE FINANCIAL1/9/2020Chinese launch firm Galactic Energy raises $21.5 million

Galactic Energy raised $21,500,000 in a funding round led by Puhua Capital and Huaqiang Capital with six further investors.

NARRATIVE FINANCIAL1/9/2020Chinese launch firm Galactic Energy raises $21.5 million

Galactic Energy has raised $43,000,000 (300 million yuan) in total.

NARRATIVE FINANCIAL1/9/2020Chinese launch firm Galactic Energy raises $21.5 million

Galactic Energy plans its first launch with a solid rocket in the first half of 2020.

NARRATIVE GENERAL1/3/2020China’s space contractor plans more than 40 launches in 2020
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