A hypersonic electromagnetic railgun projectile undergoes severe aero-heating with an increase in altitude. The purpose of this study was to investigate the characteristics of the shock layer flow field as well as the thermal environment of the blunt body wall of a hypersonic electromagnetic railgun projectile at different launching angles. The two-temperature model considers the thermal nonequilibrium effect and is introduced into the Navier–Stokes (N-S) equation, and it is solved using the finite volume method (FVM). The reliability of the calculation model in terms of thermal properties and composition production was verified against a blunted-cone-cylinder–flare (HB-2) test case. The surface temperature of the hypersonic blunt projectile was simulated using a radiation balance wall boundary. The thermal characteristics at the emission angles α = 60° and α = 45° were checked within an altitude range of 0–70 km, including the nonequilibrium effect, reaction heat release, aerodynamic heat flux, and wall temperature. The results show that the translational rotational temperature is higher than the vibrational electronic temperature, and the thermal nonequilibrium effect increases with an increase in altitude. Comparing the two launching angles, the nonequilibrium degree and reaction heat release at α = 60° were higher than those at α = 45°. The rates of exothermic reaction decreased with an increase in altitude. The heat flux along the wall of the generatrix decreased sharply from the stagnation point. With an increase in altitude, the heat flux dropped sharply from 7 MW/m2 at H = 0 km to approximately 2 MW/m2 at H = 70 km. The wall temperature distribution was similar to the heat flux distribution; however, the surface temperature decreased less rapidly than the heat flux.