Pallas-1 sees China’s Galactic Energy join reusable launch push, closing in on SpaceX - Stock Watch Index

Pallas-1 sees China’s Galactic Energy join reusable launch push, closing in on SpaceX

September 2, 2026

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Beijing continues to compete directly with Elon Musk’s SpaceX in the new space race, with the US company still the global benchmark in reusable rocket technology.

Brian Mikael Cheng

Published: 3:47pm, 2 Sep 2026Updated: 3:47pm, 2 Sep 2026

Read more: https://sc.mp/75ew1

Chinese rocket maker Galactic Energy has successfully sent its Pallas-1 medium-to-large reusable rocket into orbit. The launch marks the latest milestone in Beijing’s drive to develop reusable launch capabilities and narrow the gap with Elon Musk’s SpaceX.

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