Galactic Energy

Galactic Energy develops and operates orbital launch vehicles from its headquarters in Beijing, with manufacturing facilities in Huzhou and Ningbo. The company currently flies the Ceres-1, a four-stage solid-propellant rocket that delivers 400 kg to low Earth orbit and 300 kg to 500 km sun-synchronous orbit. Ceres-1 supports both land-based launches from the Jiuquan Satellite Launch Center and sea-based launches from converted barges, serving commercial clients deploying remote sensing, telecommunications, and IoT satellite constellations. The upgraded Ceres-2, with a 3.35-meter diameter and capacity of 1,600 kg to LEO, conducted its debut flight in January 2026.

The company is developing the Pallas-1, a medium-lift liquid-fueled rocket powered by the Welkin kerosene-LOX engine with pintle injector technology enabling deep throttling for vertical landing recovery and reusability of up to 50 flights. A heavier Pallas-2 variant powered by the CQ-90 engine is planned for larger constellation deployments. Founded in 2018 by Liu Baiqi and Xia Dongkun, Galactic Energy has raised over $714 million through Series D funding at a $1.5 billion valuation and has initiated a China IPO process.