Galactic Energy's new launch vehicles are becoming a reality
The company announced that it has completed a test firing of the second stage of the Pallas-1 medium reusable launch vehicle. The test took place at its test bench near the city of Chizhou (30.468915°N 117.265830°E) and lasted approximately 224 seconds.


A S1 static fire is also expected ahead of a launch at the end of the year or early next year at their Jiuquan launch site.
The company also announced that it has assembled the first flight model of the Ceres-2 light solid-propellant launch vehicle, which has passed qualification tests and factory review; a launch could take place as early as November.

The company also announced a fundraising round of 2.4 billion Yuan ($336M)
The company announced that it has completed a test firing of the second stage of the Pallas-1 medium reusable launch vehicle. The test took place at its test bench near the city of Chizhou (30.468915°N 117.265830°E) and lasted approximately 224 seconds.


A S1 static fire is also expected ahead of a launch at the end of the year or early next year at their Jiuquan launch site.
The company also announced that it has assembled the first flight model of the Ceres-2 light solid-propellant launch vehicle, which has passed qualification tests and factory review; a launch could take place as early as November.

The company also announced a fundraising round of 2.4 billion Yuan ($336M)
Recently, Beijing Galaxy Power Aerospace Technology Co., Ltd. (hereinafter referred to as Galaxy Power) successfully completed its Series D funding round, raising a total of 2.4 billion yuan. Investors in this round include: Beijing Commercial Space and Low-Altitude Economy Industry Investment Fund, Nanjing Innovation Investment Group and various investment platforms in Nanjing's Liuhe District, Sichuan Industrial Revitalization Fund Investment Group's Sichuan Manufacturing Collaborative Fund and Sichuan Regional Collaborative Fund, Sichuan Achievement Transformation Fund, Jinan Zhongtai Jiaochan Fund, Jiaorong Junhong Phase V Nanjing Fund, Yizhuang Zhongying Fuyao Fund, Chizhou Meiling Chixiang Fund, Hainan Hecheng Aerospace Fund, and others.