In June 2019 we plan to launch the NJU-HKU No.1 Satellite with our close partner Nanjing University with whom we also have an MoU (signed November 17th 2017). This is a novel “lobster-eye” X-ray telescope, the first such science mission for this technology in Space. The scientific goals include searching for the so-called elusive “sterile neutrino” particle and the constituents of dark matter. The science mission also includes the study of hot gas in rich galaxy clusters, comets in the solar system and the interaction of the solar-wind with the earth’s magnetosphere. This broad mission scope is highly interdisciplinary and effectively combines the fields of astronomy, earth science, and planetary science. The potential science dividend and impact of this satellite are globally significant and cutting-edge. It also has the largest field of view for this type of system ever developed. Furthermore, it is also the first Chinese soft X-ray telescope, the first satellite science mission and instrument based on a collaboration between Chinese universities dedicated to astronomy research, and most importantly it is the first satellite that has ever been co-led by the University of Hong Kong.