Chinese commercial launch provider Galactic Energy orbited five satellites on Tuesday, Nov. 7, in the second successful flight of the four-stage Ceres-1 booster. The launch took place from the Jiuquan Satellite Launch Center in the Gobi Desert. The successful flight made Galactic Energy the first private Chinese company to successfully launch an orbital rocket for the second time. Payloads launched on this flight included: Satellite: BaoyunPurpose: Technology demonstration/Earth observationOperator: Spacety […]

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.

by Douglas Messier
Managing Editor

Chinese microsat launch provider Galactic Energy conducted the maiden flight of its new Ceres-1 booster on Saturday, placing the Tianqi-11 satellite into orbit for the Apocalypse Internet of Things (IoT) constellation.