Galactic Energy
Galactic Energy Space Technology Co., Ltd. is a privately held space launch company developing the Ceres-1 and Pallas-1 launch vehicles. The 19m (62ft) tall Ceres-1 is a four-stage rocket, the first three stages use solid-propellant rocket motors and the final stage uses a hydrazine propulsion system. rocket can deliver about 350 kg (770 lbs) to Low Earth orbit.
The first launch of the Ceres-1 rocket took place at November 7th, 2020, successfully placing the Tianqi-11 demonstration satellite in orbit for Chinese LEO satellite operator Guodian Gaoke, offering Internet of things (IoT) communications. Galactic Energy became the second private company of China to successfully put a satellite in orbit after i-Space.
In December 2021 Galactic Energy launched its second Ceres-1 rocket becoming the first Chinese private firm to reach orbit twice. At the same time, the company developed its Pallas-1 medium-lift liquid-fueled rocket, which it expectsto debut in early 2023.
The company is based in Beijing, China and has been certified as a New and High-Tech enterprise by Chinese tech hub Zhongguancun and also as a National High-Tech enterprise. Galactic Energy is one of several private Chinese companies that is developing orbital launch vehicles of small or medium cargo capacity for the Chinese domestic and international launch markets.
In January 2022 the company raised 200 million USD for reusable launch vehicle development
Company History
In February 2018 Galactic Energy was established as Beijing Xinghe Dongli Space Technology Co. Ltd. by current CEO Ryu Baiqi. Baiqi held positions at the China Rocket Research Institute when he developed a private rocket company.By the end of 2021 the company had about 100 employees.
On November 7th, 2020, the company launched the first Ceres-1 rocket, successfully placing the Tianqi-11 demonstration satellite in orbit for Chinese satellite operator Guodian Gaoke, offering Internet of things (IoT) communications. Galactic Energy became the second private company of China to successfully put a satellite in orbit after i-Space.
On December 6th, 2021, Galactic Energy launched its second Ceres-1 rocket carrying five satellites and becoming the first Chinese private firm to reach orbit twice.
In January 2022 the company raised 200 million USD for reusable launch vehicle development. The funding from B and B+ rounds, was completed between July and December 2021 and is to be used for the development of the Pallas-1 medium-lift reusable launch vehicle and related infrastructure.
On January 9th, 2023 the company launched five SmallSats using a Ceres-1 rocket launcher from Jiuquan spaceport in the Gobi Desert in northwest China. Ceres-1 brought five satellites into SSO; Tianqi-13 for Guodian Gaoke from China, Tianmu-1 01 and -02, both meteorological satellites, and a ‘Science and Technology-1’ remote sensing satellite and a small satellite for science outreach named for Nantong Middle School.
All trademarks, logos and images mentioned and showed on this page are property of their respective owners.
Resources
www.galactic-energy.cn
www.china.org.cn
www.cruchbase.com
www.wikipedia.org
www.pitchbook.com
www.spacenews.com edition January 9th, 2020
www.nasaspaceflight.com edition November 9th, 2020
www.newsdirectory3.com edition February 9th, 2021
www.nasaspaceflight.com edition December 2nd, 2021
www.dongfanghour.com edition January 17th, 2022
www.spacenews.com edition January 24th, 2022
www.globalsecurity.org
www.zoominfo.com
www.space.com edition January 9th, 2023