the first Chinese rocket with engines that run on reusable liquid oxygen and kerosene.
This is really a highly innovative company. They buildQuotethe first Chinese rocket with engines that run on reusable liquid oxygen and kerosene.http://www.globaltimes.cn/content/1157344.shtmlReusing the fuel and oxidizer is a whole new thing to drive down cost in space business.
Galactic Energy Prepares Ceres-1 Rocket for First LaunchThe June launch is just the start of the company’s grand plans for future spaceflightBy Andrew JonesGalactic Energy, a low-key private Chinese rocket firm, celebrated its second birthday in February. That’s early days for a launch company, and yet the company is set to make its first attempt to reach orbit this June.The rocket is named Ceres-1, after the largest body in the asteroid belt, and will launch from China’s Jiuquan Satellite Launch Center in the Gobi Desert. With three solid fuel stages and a liquid propellant fourth stage, it will be able to lift 350 kilograms of payload to an altitude of 200 kilometers in low Earth orbit.