IT Home reported on December 18 that Beijing Galaxy Power Aerospace Technology Co., Ltd. (hereinafter referred to as Galaxy Power Aerospace) announced today that in September 2023, Galaxy Power Aerospace completed a total of 1.1 billion yuan in C and C + round financing. This round of financing was led by Ziyang Heavy Industry Fund, followed by Langfang Linkong Fund, Founder Hesheng, Bengbu Zhongcheng Venture Capital and other institutions.
This round of financing will be used for the research and development of Zhishenxing-1 reusable liquid launch vehicle technology, and related production, testing and launch facility construction. In response to the large-scale and rapid networking needs of low-orbit constellations, Galaxy Power Aerospace will continue to increase its R&D efforts and build a rocket product system composed of low-cost and highly reliable Zhishen-1 medium and large reusable launch vehicles, and fast-response and high-density Ceres-1 series light launch vehicles, covering market demand in an all-round way.
Galaxy Power Aerospace is a domestic commercial launch vehicle company, creating the first domestic private rocket to achieve mass production and high-density launch, the first sea launch, the first 9 consecutive wins, and the first to send commercial networking satellites into 500km sun-synchronous orbit, 800km inclined orbit, 500km morning and dusk orbit and other industry milestones.
Ceres-1 rocket is mainly for the market needs of small constellation networking, network supplementation, microsatellite launches, etc., and so far, this type of rocket has served 16 commercial satellite customers and successfully launched 35 different types of commercial satellites.
▲ The source of the picture is the official account of "Galaxy Power Aerospace".
IT Home inquired and learned that Zhishenxing-1 is a medium and large reusable liquid oxygen/kerosene launch vehicle, mainly for the market demand of large constellation networking, large satellite launches, etc., with a basic rocket carrying capacity of 5t and a CBC bundled configuration carrying capacity of up to 14t.
▲ Introduction to "Zhishenxing No. 1", the source of the official website of Galaxy Power Aerospace
Galaxy Power Aerospace said that at present, the company has made a major breakthrough in the verification of vertical recovery guidance and control technology for liquid rockets, and has completed a number of test tests of the CQ-50 liquid oxygen/kerosene engine, and the Zhishenxing-1 liquid launch vehicle has also completed a number of large-scale ground tests, and is scheduled to officially implement the first flight into orbit in 2024.