Galactic Energy
Galactic Energy develops commercial launch vehicles and provides satellite launch services from Beijing.
- CEO / Founder
- Liu Baiqi
- Team Size
- 201-500
- Stage
- Growth Stage
- Total Funding
- $689M
- Latest Round
- Series D
- Key Investors
- Beijing Commercial Aerospace and Low-Altitude Economy Industry Investment Fund; Nanjing Innovation Investment Group; Sichuan Industry Revitalization Investment Group; Sichuan Manufacturing Collaboration Fund; Sichuan Regional Collaboration Fund; Sichuan Achievement Transformation Fund; Jinan Zhongtai Jiaochan Fund; Jiaorong Junhong Phase V Nanjing Fund; Yizhuang Zhongying Fuyou Fund; Chizhou Meiling Chixiang Fund; Hainan Hecheng Aerospace Fund; Fortune Capital; Huaqiang Capital
Technology & Products
Key Products
Ceres-1 and Ceres-2 solid-propellant launch vehicles; Pallas-1 and Pallas-2 liquid launch vehicles; Welkin liquid-propellant engines; Edge attitude and orbital-control system.
Technological Advantage
Develops solid and liquid launch systems, including reusable Pallas-series vehicles and proprietary propulsion and attitude-control systems.
Differentiation
Value Proposition
Launch services supported by small solid-propellant vehicles and reusable medium-class liquid launch vehicles.
How They Differentiate
Uses the Ceres solid-launcher family for responsive and constellation-replenishment missions while developing Pallas reusable liquid vehicles for larger constellation deployments.
Market & Competition
Target Customers
Commercial satellite operators and constellation developers in China and international markets.
Industry Verticals
Commercial space; satellite communications; Earth observation; IoT satellite constellations; space transportation.
Competitors
LandSpace; Space Pioneer; CAS Space; iSpace; Orienspace.
Growth & Milestones
Growth Metrics
As of September 2025, the company reported 20 successful launches for 27 commercial-satellite customers and 85 satellites launched.
Major Milestones
Founded in 2018; Ceres-1 achieved orbital launch; reported 20 successful launches by September 2025; completed a ¥2.4B Series D financing; developing reusable Pallas-series liquid launch vehicles.