Loading organizations...
Based in Beijing, China, Galactic Energy Aerospace Technology designs, develops, and commercializes commercial aerospace technology and launch services for the global satellite industry. The company manufactures and operates space launch vehicles, including the solid-fueled Ceres-1 and the upcoming liquid-propellant Pallas-1, to provide orbital insertion capabilities. The firm has completed nine successful Ceres-1 flights, establishing a record for a new private launch vehicle, and became the first Chinese private aerospace company to achieve successive orbital launches. To support its manufacturing and launch operations, the enterprise has raised at least 300 million CNY, or approximately 43 million USD, in venture funding. The company's financial backers include notable institutional investors such as Puhua Capital, Huaqiang Capital, LC Securities, and Plum Ventures. Galactic Energy Aerospace Technology was officially founded in February 2018 by Liu Baiqi.
Galactic Energy Aerospace Technology has raised $357.6M across 2 funding rounds.
Galactic Energy Aerospace Technology has raised $357.6M in total across 2 funding rounds.
Galactic Energy Aerospace Technology has raised $357.6M in total across 2 funding rounds.
Galactic Energy Aerospace Technology's investors include Beijing Commercial Spaceflight and Low-Altitude Economy Industry Investment Fund, Sichuan Industry Revitalization Investment Group, Chen Yu, Chuanshang Fund, Shichun Wu, Scheme Capital.
Galactic Energy Aerospace Technology has raised $357.6M across 2 funding rounds. Most recently, it raised $336.2M Series D in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 28, 2025 | $336.2M Series D | — | Beijing Commercial Spaceflight And LOW Altitude Economy Industry Investment Fund, Sichuan Industry Revitalization Investment Group | Announced |
| Dec 25, 2019 | $21.4M Seed Plus | Chen YU | Chuanshang Fund, Shichun WU, Scheme Capital | Announced |
