China's private space company aims to launch a foreign satellite in 2022

SOURCE / ECONOMY
By Global Times Published: May 13, 2021 04:33 PM
Galactic Energy's Ceres-1 launch vehicle on the ground firing test for the third-stage engine Photo: Courtersty of Galactic Energy
China's leading private space enterprise is planning to complete an international satellite launch in 2022, which will be the first international space launch done by a Chinese private space company. 
Galactic Energy, the private-owned company, signed a strategic cooperation agreement with China Aerospace Science and Industry Corporation Limited (CASIC) on Thursday in Beijing to jointly develop the international market for the Ceres-1 rocket, aiming to complete Chinese domestic private firm's first international space launch in 2022.

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