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GalaxySpace

GalaxySpace

GalaxySpace is a Beijing-based commercial micro-satellites developer and provider of satellite-based communications and internet systems.

OverviewStructured DataIssuesContributors

Contents

yinhe.ht...en.html
yinhe.ht
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Communications satellite
Communications satellite
Satellite
Satellite
Space industry
Space industry
Nanosatellite
Nanosatellite
Telecommunications
Telecommunications
Location
Beijing
Beijing
China
China
B2X
B2B
B2B
CEO
‌
Xu Ming
Founder
‌
Xu Ming
Pitchbook URL
pitchbook.com/profiles...300252-70
Email Address
gr@yinhe.ht
bd@yinhe.ht
pr@yinhe.ht
Phone Number
+861051077025
Full Address
Floor 6,Block B,Baosheng Plaza No.8, Heiquan Road, Haidian District Beijing China
Investors
Shunwei Capital
Shunwei Capital
5Y Capital
5Y Capital
Hefei Industry Investment Group
Hefei Industry Investment Group
China International Capital Corporation
China International Capital Corporation
Source Code Capital
Source Code Capital
Legend Capital
Legend Capital
Nantong Kechao Intelligent Manufacturing Co., Ltd.
Nantong Kechao Intelligent Manufacturing Co., Ltd.
IDG Capital Partners
IDG Capital Partners
...
Founded Date
2016
Fax Number
(+86) 010-82731600
Total Funding Amount (USD)
14,500,000
Latest Funding Round Date
November 18, 2020
Competitors
OneWeb
OneWeb
SpaceX
SpaceX
Telesat
Telesat
Kleos Space
Kleos Space
Satelligence
Satelligence
AiDash
AiDash
Nuspace PTE. Ltd.
Nuspace PTE. Ltd.
KLEO
KLEO
...
Business Model
Commerce
Also Known As
Yinhe
银河航天
Latest Funding Type
Series C
Series C

Other attributes

Company Operating Status
Active
Postmoney Valuation
1,200,000,000
Latest Funding Round Amount (USD)
14,500,000

GalaxySpace is a developer of micro-nano satellites designed to provide communication network service. The company develops products including power management systems, antenna release systems, and solar panels to serve in communication networks needs and also provides one-stop AI satellite launch services. The Beijing-based company was founded in 2016.

Platform
Broadband communication satellite
GalaxySpace's proposed communication satellite.

GalaxySpace's proposed communication satellite.

GalaxySpace intends to build small satellites through fast development techniques in order to build a low-Earth orbit broadband satellite constellation offering global coverage with a 5G network. This includes offering network connections to remote locations and individuals. These satellites are intended to have modular characteristics, with a lightweight structure, and programmed to burn out in the atmosphere at end of life.

On January 16, 2020, GalaxySpace launched a low-orbit commercial 5G satellite, one of the company's proposed constellations, to complete communications tests, which the satellite passed.

GalaxySpace user terminals
GalaxySpace user terminals.

GalaxySpace user terminals.

GalaxySpace also offers user terminals, which communicate with the communication satellites and related systems to provide users access to high-speed internet connections. These terminals are equipped with solar-powered, self-powered expansion modules and artificial intelligence voice control options.

GalaxySpace AI solutions

In conjunction with the company's communication system, GalaxySpace offers artificial intelligence solutions and an AI platform to provide life cycle management services for the communication satellites and to help the company's communication constellation to collaborate with other 5G communication systems to provide cities with IoT solutions. The company suggests its AI platform offers services including:

  • Smart middle platform
  • Smart grid
  • Smart ecology
  • Smart fire protection
  • Simulation
  • Smart environmental monitoring
  • Intelligent analysis of remote sensing images
Big Data application series solutions

For enterprise users, GalaxySpace offers what the company calls big data application series solutions, which are intended to apply big data in business scenarios to help business development and industrial development. This is done through data mining through the company's communication systems and the data gathering possibilities in that network, which, in turn, integrates into customer systems. The data GalaxySpace considers the company capable of collecting includes customer data, behavioral information of corporate customers, customization of industry characteristics, development trends, segmentation scenarios, and business development trends. The services covered include:

  • Big data analysis
  • Ecological big data platform
  • Energy data
  • Fire protection data

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

China's first rival to SpaceX Starlink satellites completes key test

Karen Chiu

https://www.scmp.com/abacus/news-bites/article/3051436/chinas-first-rival-spacex-starlink-satellites-completes-key-test

Web

February 19, 2020

Chinese private satellite firm Galaxy Space attracts new funds - Global Times

https://www.globaltimes.cn/content/1207404.shtml

Web

November 19, 2020

New funding values Chinese private satellite company GalaxySpace at $1.2 billion - SupChina

Jeremy Goldkorn

https://supchina.com/2020/11/18/new-funding-values-chinese-private-satellite-company-galaxyspace-at-1-2-billion/

Web

November 18, 2020

Will GalaxySpace Become China's SpaceX?

Fuller Wang

https://equalocean.com/analysis/2020121015251

Web

December 10, 2020

References

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