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- Galactic Energy Aerospace Technology
Galactic Energy Aerospace Technology Funding, Investors & Competitors
Galactic Energy Aerospace Technology has raised $713M across 5 funding rounds, most recently a strategic investment round in July 2026.
Last Galactic Energy Aerospace Technology funding round
Strategic investment
Amount undisclosed · Jul 2026
Cumulative funding Galactic Energy Aerospace Technology raised
$713M
across 5 funding rounds
Key investors in Galactic Energy Aerospace Technology
New Potential Energy Fund
Oriental Fortune Capital
Puhua Capital
Nanjing Innovation Capital Group
Essential Capital
Dawu Venture Capital
Sichuan Industrial Revitalization & Development Investment Fund
Weed Ventures
Galactic Energy Aerospace Technology Overview
About Galactic Energy Aerospace Technology
Galactic Energy Aerospace Technology is a Beijing-headquartered private Chinese launch provider specializing in small satellite deployments. The company successfully debuted its Ceres-1 solid rocket in 2021 with multiple orbital missions from Jiuquan Satellite Launch Center. Galactic Energy develops Pallas-1 liquid-fueled rockets alongside proprietary engines like Light Year solids and Welkin liquids, plus attitude control systems for commercial and government payloads.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services
Galactic Energy Aerospace Technology Funding History
Galactic Energy Aerospace Technology has raised a total of $713M across 5 funding rounds.
Galactic Energy Aerospace Technology's first fundraising round was a $22M seed round in October 2018. The most recent completed round was a strategic investment round in July 2026.
Galactic Energy Aerospace Technology funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2026 | Strategic investment | GAC Group (lead) | - | - |
| Sep 2025 | Series D | Nanjing Innovation Capital Group; Beijing Commercial Aerospace and Low-altitude Economic Industry Investment Fund; Sichuan Manufacturing Collaborative Development Fund; Sichuan Industrial Revitalization & Development Investment Fund | $337M | Galactic Energy Aerospace Technology, a Beijing-based commercial space launch company, announced a Series D funding round on September 28, 2025, raising $336 million (RMB 2.4 billion). This represented the largest disclosed funding amount obtained by a Chinese launch startup to date. The company specializes in low-cost commercial space launch services, offering multiple rocket platforms including the CERES-1 solid propellant launch vehicle, the PALLAS-1 (Pallas-1) liquid propellant launch vehicle, the Light Year series solid propellant engines, the Welkin series liquid propellant engines, and the Edge series attitude and orbital control systems. The Series D funding will be deployed toward development and testing of two key platforms: the Pallas series of partially reusable liquid propellant launchers and the Ceres-2 larger solid-fueled rocket, both described as closing in on their debut flights. The company has achieved significant operational milestones, including multiple successful rocket launches establishing it as one of the most successful privately owned launch providers in China. |
| Dec 2023 | Series C | - | $154M | Galactic Energy Aerospace Technology is a leading Chinese private commercial launch vehicle company founded in 2018 and headquartered in Beijing, specializing in orbital launch services and reusable rocket development. It is recognized as the first private company in China to achieve continuous orbital launches, enter 500km sun-synchronous orbit, and perform commercial multi-satellite launches with one rocket. The company is advancing the PALLAS-1 (Palace-1) medium-large reusable liquid oxygen/kerosene carrier rocket, with a carrying capacity of at least 5 tons (expandable to 14 tons in bound configuration) and designed for 50 reuses; structural, electrical, and power systems are in production, with full-system tests and a first orbital flight planned around 2023. A Pre-Series B funding round raised 1.27 billion (currency and unit not specified in sources, likely CNY), primarily to accelerate PALLAS-1 development and infrastructure. Investors include AVIC, which backs Galactic Energy for its innovation in commercial aerospace to provide cost-effective launch services for satellite constellations. Plum Ventures highlighted the company's solid team and commercial closed-loop achievements, expressing continued support for the commercial launch vehicle track. Later, in September/October 2025, Galactic Energy raised RMB 2.4 billion ($336M) in a Series D round, reportedly at a $1.5B valuation, led by CCB International and China Merchants Capital; funds will support Palace series reusable liquid propellant launchers, Series 2 solid rockets, production, testing, and launch facilities, coinciding with a successful static fire of Palace-1's second stage ahead of its debut. This appears to be China's largest disclosed round for a launch startup to date. |
| Jan 2022 | Series B | Huaqing Capital (lead); Oriental Fortune Capital (lead); Dawu Venture Capital; AVIC International Holding; Anhui Jiangnan Chemical; Zhongtian Fangwu Fund Management; Essential Capital; Yunding Capital; New Potential Energy Fund; China Veterans Investment | $200M | Galactic Energy Aerospace Technology is a Beijing-based private aerospace company founded in 2018, specializing in low-cost commercial space launch services with products including the CERES-1 solid propellant launch vehicle, PALLAS-1 liquid propellant launch vehicle, Light Year series solid engines, Welkin series liquid engines, and Edge series attitude control systems. The company focuses on orbital launch services and reusable rocket development in China's growing commercial space sector. Search results instead detail a much later Series D round in October 2025, where Galactic Energy raised approximately $336-337 million (RMB 2.4 billion) at a $1.5 billion valuation, led by CCB International and China Merchants Capital. This funding supports development of the PALLAS (Palace) series reusable liquid propellant launchers, Series 2 solid rockets, production facilities, testing, and launch infrastructure, following a successful static fire test of the PALLAS-1 second stage. The round marks the largest for a Chinese launch startup to date and positions the company for IPO preparations in China. Galactic Energy has achieved milestones like the most successful rocket launches among private Chinese providers and plans for reusable rocket debuts. With over 500 employees, it operates in a competitive aerospace market attracting significant investment. |
| Oct 2018 | Seed | Huaqiang Chuangtou (lead); Puhua Capital (lead); Winsoul Capital; New Potential Energy Fund; Weed Ventures; Sichuan Entrepreneur Fund; Plum Ventures | $22M | Galactic Energy Aerospace Technology, founded in 2018 and headquartered in Beijing, China, develops orbital launch services and reusable rockets, including the CERES-1 solid propellant launch vehicle and PALLAS-1 reusable liquid oxygen/kerosene carrier rocket with a capacity of at least 5 tons to orbit. The company follows a development path of simultaneous solid and liquid rockets, near-earth and deep-space capabilities, and high-low orbit combinations. Plum Ventures is noted as an investor in a 2021 Pre-Series B and Pre-Series B+ round of 1.27 billion yuan, praising Galactic Energy's solid team and commercial potential. Subsequent funding includes a Series C of $154.53M on December 18, 2023, led by investors like Jintuo Capital, and a Series D of approximately $336-337M (RMB 2.4B) in September/October 2025 at a $1.5B valuation, led by CCB International and China Merchants Capital, with total raised across rounds reported variably as $409.71M over 7 rounds or $746.75M over 9 rounds. Funds from later rounds support PALLAS-1 development, infrastructure, team expansion, and global operations. The company has achieved milestones like the first solid rocket flight within two years of founding and is preparing PALLAS-1 for a 2023 first flight (per 2021 info), positioning it as a leader among private Chinese launch providers with the most successful launches. Galactic Energy has initiated a China IPO process following the 2025 Series D. It operates in the competitive commercial aerospace sector, focusing on low-cost launches amid growing investment in space tech. |
Who has invested in Galactic Energy Aerospace Technology?
21 investors have backed Galactic Energy Aerospace Technology across its funding rounds, including New Potential Energy Fund, Oriental Fortune Capital, Puhua Capital, Nanjing Innovation Capital Group, Essential Capital and Dawu Venture Capital.
Lead investors include GAC Group, Huaqing Capital, Oriental Fortune Capital, Huaqiang Chuangtou and Puhua Capital.
Galactic Energy Aerospace Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2018 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 21 Galactic Energy Aerospace Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialGalactic Energy Aerospace Technology Competitors
Galactic Energy Aerospace Technology competitors include listed companies like SpaceX, Lockheed Martin, Northrop Grumman and Rocket Lab, and private ones like Stoke Space and Agile Space Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $75B | $8.7B | $124B | 1.8x | ||
| Publicly listed | $42B | $7.2B | $74B | 2.0x | ||
| Publicly listed | $602M | ($181M) | $43B | 48.0x | ||
| Private | - | - | $9B | - | ||
| Private | $28M | - | $8B | 285.7x |
Galactic Energy Aerospace Technology Public Comps
Galactic Energy Aerospace Technology is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Safran, Boeing, Lockheed Martin, Parker Hannifin and General Dynamics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $46B | $11B | 7.3x | 7.0x | 30.2x | 29.1x | |||
| $89B | $15B | 3.3x | 3.1x | 19.7x | 19.4x | |||
| $85B | $11B | 2.1x | 1.9x | 16.0x | 14.3x | |||
| $28B | $11B | 5.5x | 5.2x | 14.8x | 22.4x | |||
| $36B | $13B | 4.3x | 3.8x | 11.5x | 17.6x | |||
| $89B | $7.4B | 2.0x | 1.9x | 24.7x | 37.2x | |||
| $75B | $8.7B | 1.9x | 1.8x | 16.1x | 13.1x | |||
This data is available for Pro users. Sign up to see all Galactic Energy Aerospace Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Galactic Energy Aerospace Technology
| When was Galactic Energy Aerospace Technology founded? | Galactic Energy Aerospace Technology was founded in 2018. |
| Where is Galactic Energy Aerospace Technology headquartered? | Galactic Energy Aerospace Technology is headquartered in Beijing, China. |
| Is Galactic Energy Aerospace Technology publicly listed? | No, Galactic Energy Aerospace Technology is a private, VC-backed company. |
| How much funding has Galactic Energy Aerospace Technology raised? | Galactic Energy Aerospace Technology has raised $713M across 5 funding rounds. |
| What was Galactic Energy Aerospace Technology's last funding round? | Galactic Energy Aerospace Technology's last funding round was a strategic investment round in July 2026, led by GAC Group. |
| Who are Galactic Energy Aerospace Technology's investors? | Galactic Energy Aerospace Technology's investors include New Potential Energy Fund, Puhua Capital, Oriental Fortune Capital, Dawu Venture Capital, AVIC International Holding, Anhui Jiangnan Chemical, Huaqing Capital, Zhongtian Fangwu Fund Management, Essential Capital, Winsoul Capital and 11 others. |
| Which companies are comparable to Galactic Energy Aerospace Technology? | Companies comparable to Galactic Energy Aerospace Technology include SpaceX, Lockheed Martin, Northrop Grumman, Rocket Lab, Stoke Space and Agile Space Industries. |
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