Galactic Energy prepares for IPO after securing $330M in Series D funding
Galactic Energy, a private Chinese aerospace company, has entered IPO counseling with the Beijing Securities Regulatory Bureau, signaling its intent to go public. The company is working with Huatai United Securities to guide the process.
This move follows the successful completion of a 2.4 billion yuan (approximately $330 million) Series D funding round in late September 2025. Key investors include the Beijing Commercial Space and Low-Altitude Economy Industry Investment Fund, Nanjing Innovation Investment Group, and several regional industrial revitalization funds from Sichuan and Jiangsu provinces.
The funding will accelerate development of Galactic Energy's reusable liquid-fueled Pallas launch vehicles and its solid-fueled Ceres-2 rockets. These systems are designed to support high-frequency, low-cost satellite deployment for commercial and government clients.
Galactic Energy, founded in 2018 and headquartered in Beijing, China, specializes in commercial space launch services. The company develops reusable and solid-fuel rockets aimed at making space access more affordable and frequent for global markets.
