Galaxy Records was founded in 1951 as the first subsidiary label of San Francisco-based Fantasy Records. It was named in honor of a popular fantasy and science fiction magazine. Galaxy has been relaunched several times, and its first incarnation in the 1950s as a jazz label didn't produce any albums.
From 1962 until the late 1960s, Galaxy Records served as a blues and R&B label with sparse album releases from John Lee Hooker, B.B. King and others. After almost ten years in hiatus, Fantasy reactivated Galaxy in 1977 as a jazz label with the GXY-series. This was the most productive period for the label with more than 50 album releases until 1985.