China’s Galactic Energy Aims to Ramp Up Production, Launches in 2022

Employees stand in front of a Ceres-1 rocket. (Credit: Galactic Energy)

Translated from Chinese via Google Translate

by Wang Yuqing
Galactic Energy Intern

At 12:13 on December 7, 2021, Galactic Energy successfully launched the Ceres-1 (Yao-2) carrier rocket from the Jiuquan Satellite Launch Center, and successfully sent five commercial satellites into a 500km sun-synchronous orbit. So far, Galactic Energy has become the first domestic commercial rocket company with the ability to launch multiple satellites with one rocket.

In 2022, Galactic Energy is about to usher in a large-scale launch, that is, 5-6 launch missions, achieving an annual production capacity of 24 rounds. This also means that the final assembly and testing department will face unprecedented challenges. How they will provide guarantee for Galactic Energy to successfully complete the large-scale launch, the focus of this week’s Galactic Magazine is on the final assembly and final testing team.

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Galactic Energy Raises $200 Million to Continue Development of Reusable Pallas-1 Launch Vehicle

Ceres-1 booster (Credit: Galactic Energy)

Translated from Chinese by Google Translate

BEIJING (Galactic Energy PR) — From July to December 2021, Galactic Energy (Beijing) Space Technology Co., Ltd. completed B and B+ rounds of financing totaling 1.27 billion yuan [$200.6 million]. This round of financing was led by Dongfang Fuhai and Huaqiang Capital, AVIC Aviation Finance, China Military Financial Investment, Anhui Jiangnan Construction Investment, Chengdu New Economy Fund, Zhongtian Huifu, Yunding Capital, Tianhong Investment, Maiqiu Venture Capital, Hexin Fangce, Jiusong Heze, Tianqiong Xuanji, Zhidao Capital, Taicang Hongli, Haiyang Ruiming, Looking Up at the Starry Sky, Bright Starry Sky, and old shareholders Meihua New Potential Energy Fund, Yuanhang Capital, etc. joined the investment. We would like to express our sincere thanks to the new and old shareholders for their trust and support.

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New Chairman Takes Charge as India Space Agency Struggles to Launch Satellites and Begin Human Spaceflight

New ISRO Chairman Shri. S. Somanath (left) takes over from K. Sivan. (Credit: ISRO)

by Douglas Messier
Managing Editor

A new chairman has taken over the Indian Space Research Organisation (ISRO) at a crucial time as the space agency continues to struggles with the ongoing COVID-19 pandemic and the challenge of becoming only the fourth nation capable of launching astronauts into orbit.

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Launch 2020: China’s Space Program Continued to Surge with a Number of Firsts

Long March 3B lifts off from Xichang Satellite Launch Center. (Credit: China Aerospace Science and Technology Group)

China’s surging space program showed no sign of slowing down last year as it tied its own launch record and moved ahead with ambitious space missions and a set of new launchers.

China compiled a record of 35 successes and four failures in 2020. That matched the number of launch attempts made in 2018, a year that saw 38 successes and a single failure.

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Quarterly Launch Report: US in the Lead Thanks to SpaceX

A Falcon 9 lifts off with 60 Starlink satellites on March 11, 2021. (Credit: SpaceX webcast)

by Douglas Messier
Managing Editor

There were 27 orbital launch attempts with 26 successes and one failure during the first quarter of 2021. The United States accounted for nearly half the total with 13 launches behind nine flights by SpaceX.

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Galactic Energy Raises $30 Million, Moves Forward on Pallas-1 Booster

Ceres-1 booster (Credit: Galactic Energy)

by Douglas Messier
Managing Editor

Galactic Energy, which became the second private Chinese launch provider to orbit a satellite on Saturday, has announced that it completed a Series A financing round of 200 million yuan ($30.25 million) in September.

In a press release, Galactic Energy said the funding will be used to manufacture and perform upgrades on the solid-fuel Ceres-1 small-satellite booster that flew last week. The funding will also allow the company to continue research and development on its larger liquid-fuel Pallas-1 (Zhishen-1) booster.

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Galactic Energy Raises $21.7 Million to Develop Ceres 1 Launch Vehicle

Artist’s conception of Ceres 1 launch vehicle on launch pad. (Credit: Galactic Energy)

Galactic Energy recently raised an additional 150 million yuan ($21.68 million) for the development of its Ceres 1 launch vehicle.

The latest funding round for the private Chinese launch provider was led by Puhua Capital and Huaqiang Capital and included six other investors, the company said. The round brings the total amount raised to 300 million yuan ($43.36 million).

Ceres 1 is a four-stage rocket designed to place payloads weighing 350 kg (772 lb) into low Earth orbit and 230 kg (507 lb) into sun synchronous orbit. The booster has a liquid upper stage atop three solid-fuel stages.

Galactic Energy said it aiming for a flight test of the new booster in the first half of this year. Engineers have completed test firings of the first three stages, the company added.