Developer docs
API playgroundTry for free, no card

Search company profiles

Pale Blue

Full company profile

uuid0000uzz

Namestring
Pale Blue
Legal namestring
株式会社Pale Blue
Websiteurl
pale-blue.co.jp
Company typeenum
Private
Founded yearint
2020
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersKashiwa, Japan
HQ citystring
Kashiwa
HQ countrystring
Japan
HQ regionstring
Asia
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
water propulsion systems, small satellite thrusters, electric propulsion hardware, satellite mobility solutions, Hall-effect ion thrusters
Industry1 code
1Spacecraft Propulsion (In-Space) & Thrusters
CodeIMABACAEPrimaryYes
NAICS code2 codes
  • Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing336415
  • Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing336419
SIC code1 code
  • Guided Missiles & Space Vehicles & Parts3760
Product category
Satellite Propulsion Systems
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Water Propulsion Systems Sales
TypeHardware Sales
Description

Direct sales of water-based propulsion systems including ion thrusters, Hall-effect thrusters, and resistojet systems to satellite integrators and operators. Products delivered pre-filled with propellant as fully integrated plug-and-play systems.

pale-blue.co.jp
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Pale Blue develops, manufactures, and sells fully integrated water-based electric propulsion systems for small satellites, including water ion thrusters, water Hall-effect thrusters, water resistojet thrusters, and hybrid thrusters. Products are delivered as plug-and-play units pre-filled with water propellant and use RS-422 interfaces, sold directly to satellite integrators, operators, research institutions, and government space agencies worldwide.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Satellite operational life extended by 2.5 years using water propulsion on Sony STAR SPHERE mission
+3 more records
Product overview1 text field

Pale Blue offers a comprehensive portfolio of water-based electric propulsion systems for small satellites ranging from 3U CubeSats to 700kg class satellites. The product lineup includes two main technology families: (1) Water Resistojet thrusters (PBR series: PBR-10, PBR-20, PBR-30, PBR-50) providing high thrust at lower specific impulse for rapid maneuvers; and (2) Water Ion thrusters including the flagship PBI grid-type ion thruster and Hall-effect thrusters (PBH-100, Water Hall-effect Thruster) delivering higher specific impulse for fuel-efficient station-keeping and orbit transfers. The KIR hybrid thruster uniquely combines resistojet and ion technologies in one integrated unit. All products are fully integrated systems with pre-loaded propellant, RS-422 communication interfaces, and industrial production capability for batch delivery.

Product and service8 records
1PBI (Water Ion Thruster)
CategoryWater Ion Propulsion
Description

Grid-type ion thruster using water as propellant in a compact 1U+ form factor for NanoSats and MicroSats. Achieves >7,000 Ns total impulse with <60W power consumption and >0.35 mN thrust. Fully integrated plug-and-play system including thruster head, fluidics, propellant tank, and PPU.

2PBR-10 (Water Resistojet)
CategoryWater Resistojet Propulsion
Description

Ultra-compact 0.5U water vapor resistojet thruster optimized for CubeSats. Generates 1.0 mN thrust at 6W power with >55 Ns total impulse. Pre-loaded with propellant, RS-422 communication interface.

3PBR-20 (Water Resistojet)
CategoryWater Resistojet Propulsion
Description

Compact 1U water vapor resistojet thruster for 6U-8U CubeSats. Provides 1.0 mN thrust at 20W with >220 Ns total impulse. Fully integrated with clusterable design for multiple satellite missions.

4PBR-30 (Water Resistojet)
CategoryWater Resistojet Propulsion
Description

Compact <2U integrated resistojet thruster with throttling capability. Generates 3-12 mN thrust with 10-35W power input. Space-verified technology with >400 Ns total impulse and <2.1 kg wet mass.

5PBR-50 (Water Resistojet)
CategoryWater Resistojet Propulsion
Description

MicroSat-class water vapor resistojet system in φ250x300mm form factor. Delivers 10 mN thrust at 50W with 4,400 Ns total impulse. Optimized for 100-200kg class satellites, pre-filled propellant delivery.

6PBH-100 (Compact Hall Thruster)
CategoryWater Hall-effect Propulsion
Description

Compact Hall-effect thruster system for MicroSats and SmallSats (50-200kg class). Operates at 110-180W with 5-8 mN thrust and >50k Ns total impulse. Features Japanese microwave cathode technology enabling instant-start capability and flexible tailored configuration.

7Water Hall-effect Thruster (Large)
CategoryWater Hall-effect Propulsion
Description

High-power Hall-effect thruster system for satellites up to 700kg. Delivers 10 mN thrust at 600W with 180,000 Ns total impulse. 350x350x600mm envelope, provides ideal balance of thrust and specific impulse with clusterable architecture.

8KIR (Water Hybrid Thruster)
CategoryWater Hybrid Propulsion
Description

Integrated water hybrid thruster combining water vapor resistojet and gridded ion thruster in one unit. Offers both high thrust (resistojet) and high specific impulse (ion) modes, switchable by command. World's first space demonstration on JAXA RAISE-3.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

US-based electric propulsion specialist offering ion thrusters, Hall thrusters, and electrospray systems for small spacecraft. Direct competitor with broader legacy propulsion portfolio spanning multiple technologies, similar to Pale Blue's multi-product smallsat approach.

TypeDirect peer
Description

Italian smallsat propulsion company offering Hall-effect, iodine, and resistojet thrusters for small satellites. Direct competitor particularly relevant given Pale Blue's D-Orbit partnership in Italy, and active in the same institutional and constellation customer segments.

TypeBroad incumbent
Description

US-based launch and propulsion company that acquired Apollo Fusion to develop Hall-effect thrusters for small satellites. Broader space company that competes indirectly via its propulsion product line targeting constellation operators across smallsat and larger platform classes.

TypeDirect peer
Description

US-based developer of electrospray propulsion systems for small satellites. Direct competitor targeting CubeSat and smallsat propulsion customers with non-toxic propellant solutions, competing on form factor, integration ease, and mission flexibility similar to Pale Blue's positioning.

TypeBroad incumbent
Description

Large US propulsion incumbent with extensive electric and chemical propulsion portfolio including ion and Hall thrusters for government and commercial satellites. Competes as an established alternative for higher-value SmallSat and larger spacecraft propulsion contracts where Pale Blue's Hall thruster will eventually compete.

TypeDirect peer
Description

French space propulsion company offering iodine-based electric propulsion systems (iT thrusters, NPT30) for smallsats. Direct competitor addressing similar mission profiles — constellation mobility, station-keeping, and deorbiting — with a differentiated propellant story parallel to Pale Blue's water approach.

TypeDirect peer
Description

Germany-based developer of smallsat electric propulsion systems (nano- and microthrusters) using field-emission electric propulsion (FEEP). Direct competitor targeting the same CubeSat/MicroSat customer base as Pale Blue's PBR series with alternative non-toxic propellant technologies.

TypeDirect peer
Description

Austria-based developer of electric propulsion systems (IFM Hall-effect thrusters) for small satellites. Direct competitor to Pale Blue across the smallsat propulsion category, particularly in the MicroSat/SmallSat class where Enpulsion has multiple years of commercial flight heritage.

TypeDirect peer
Description

US-based plasma thruster company (RF thrusters) serving the smallsat propulsion market. Direct competitor offering Hall-effect-adjacent electric propulsion for satellite constellation operators, competing on cost, performance, and integration simplicity.

TypeBroad incumbent
Description

European aerospace propulsion major with satellite electric propulsion offerings through Safran Aircraft Engines and subsidiaries. Broad incumbent providing competing Hall thruster and chemical propulsion systems across commercial and institutional satellite customers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds7 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors24 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Pale Blue

Satellite Propulsion Systemspale-blue.co.jp

Pale Blue firmographics

Firmographics
Name
Pale Blue
Legal name
株式会社Pale Blue
Website
https://pale-blue.co.jp
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

Pale Blue industry classification

Industry
Product category
Satellite Propulsion Systems
NAICS
Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)
SIC
Guided Missiles & Space Vehicles & Parts (3760)
akta.pro primary industry
Spacecraft Propulsion (In-Space) & Thrusters (IMABACAE)

Keywords

  • Water propulsion systems
  • Small satellite thrusters
  • Electric propulsion hardware
  • Satellite mobility solutions
  • Hall-effect ion thrusters

Where Pale Blue is headquartered

Location

Headquarters

HQ city
Kashiwa
HQ country
Japan
HQ region
Asia

Offices4 records

Markets served

Pale Blue business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

  1. Water Propulsion Systems Sales: Direct sales of water-based propulsion systems including ion thrusters, Hall-effect thrusters, and resistojet systems to satellite integrators and operators. Products delivered pre-filled with propellant as fully integrated plug-and-play systems.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Pale Blue product offering

Product offering

Core offering

Pale Blue develops, manufactures, and sells fully integrated water-based electric propulsion systems for small satellites, including water ion thrusters, water Hall-effect thrusters, water resistojet thrusters, and hybrid thrusters. Products are delivered as plug-and-play units pre-filled with water propellant and use RS-422 interfaces, sold directly to satellite integrators, operators, research institutions, and government space agencies worldwide.

Product overview

Pale Blue offers a comprehensive portfolio of water-based electric propulsion systems for small satellites ranging from 3U CubeSats to 700kg class satellites. The product lineup includes two main technology families: (1) Water Resistojet thrusters (PBR series: PBR-10, PBR-20, PBR-30, PBR-50) providing high thrust at lower specific impulse for rapid maneuvers; and (2) Water Ion thrusters including the flagship PBI grid-type ion thruster and Hall-effect thrusters (PBH-100, Water Hall-effect Thruster) delivering higher specific impulse for fuel-efficient station-keeping and orbit transfers. The KIR hybrid thruster uniquely combines resistojet and ion technologies in one integrated unit. All products are fully integrated systems with pre-loaded propellant, RS-422 communication interfaces, and industrial production capability for batch delivery.

Differentiator

Problem solved

Functional benefit

Products and services

  • PBI (Water Ion Thruster) Grid-type ion thruster using water as propellant in a compact 1U+ form factor for NanoSats and MicroSats. Achieves >7,000 Ns total impulse with <60W power consumption and >0.35 mN thrust. Fully integrated plug-and-play system including thruster head, fluidics, propellant tank, and PPU.
  • PBR-10 (Water Resistojet) Ultra-compact 0.5U water vapor resistojet thruster optimized for CubeSats. Generates 1.0 mN thrust at 6W power with >55 Ns total impulse. Pre-loaded with propellant, RS-422 communication interface.
  • PBR-20 (Water Resistojet) Compact 1U water vapor resistojet thruster for 6U-8U CubeSats. Provides 1.0 mN thrust at 20W with >220 Ns total impulse. Fully integrated with clusterable design for multiple satellite missions.
  • PBR-30 (Water Resistojet) Compact <2U integrated resistojet thruster with throttling capability. Generates 3-12 mN thrust with 10-35W power input. Space-verified technology with >400 Ns total impulse and <2.1 kg wet mass.
  • PBR-50 (Water Resistojet) MicroSat-class water vapor resistojet system in φ250x300mm form factor. Delivers 10 mN thrust at 50W with 4,400 Ns total impulse. Optimized for 100-200kg class satellites, pre-filled propellant delivery.
  • PBH-100 (Compact Hall Thruster) Compact Hall-effect thruster system for MicroSats and SmallSats (50-200kg class). Operates at 110-180W with 5-8 mN thrust and >50k Ns total impulse. Features Japanese microwave cathode technology enabling instant-start capability and flexible tailored configuration.
  • Water Hall-effect Thruster (Large) High-power Hall-effect thruster system for satellites up to 700kg. Delivers 10 mN thrust at 600W with 180,000 Ns total impulse. 350x350x600mm envelope, provides ideal balance of thrust and specific impulse with clusterable architecture.
  • KIR (Water Hybrid Thruster) Integrated water hybrid thruster combining water vapor resistojet and gridded ion thruster in one unit. Offers both high thrust (resistojet) and high specific impulse (ion) modes, switchable by command. World's first space demonstration on JAXA RAISE-3.

Quantifiable outcome

  • Satellite operational life extended by 2.5 years using water propulsion on Sony STAR SPHERE mission
  • +3 more outcomes

Companies that use Pale Blue

Customer profile

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Pale Blue technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Pale Blue partnerships and signals

Strategic signal

Scale indicators9 records

Recent moves3 records

Expansion highlights6 records

Pale Blue competitors and assessment

Company assessment

Direct peers

  • Busek: US-based electric propulsion specialist offering ion thrusters, Hall thrusters, and electrospray systems for small spacecraft. Direct competitor with broader legacy propulsion portfolio spanning multiple technologies, similar to Pale Blue's multi-product smallsat approach.
  • SITAEL: Italian smallsat propulsion company offering Hall-effect, iodine, and resistojet thrusters for small satellites. Direct competitor particularly relevant given Pale Blue's D-Orbit partnership in Italy, and active in the same institutional and constellation customer segments.
  • Accion Systems: US-based developer of electrospray propulsion systems for small satellites. Direct competitor targeting CubeSat and smallsat propulsion customers with non-toxic propellant solutions, competing on form factor, integration ease, and mission flexibility similar to Pale Blue's positioning.
  • ThrustMe: French space propulsion company offering iodine-based electric propulsion systems (iT thrusters, NPT30) for smallsats. Direct competitor addressing similar mission profiles — constellation mobility, station-keeping, and deorbiting — with a differentiated propellant story parallel to Pale Blue's water approach.
  • Morpheus Space: Germany-based developer of smallsat electric propulsion systems (nano- and microthrusters) using field-emission electric propulsion (FEEP). Direct competitor targeting the same CubeSat/MicroSat customer base as Pale Blue's PBR series with alternative non-toxic propellant technologies.
  • Enpulsion: Austria-based developer of electric propulsion systems (IFM Hall-effect thrusters) for small satellites. Direct competitor to Pale Blue across the smallsat propulsion category, particularly in the MicroSat/SmallSat class where Enpulsion has multiple years of commercial flight heritage.
  • Phase Four: US-based plasma thruster company (RF thrusters) serving the smallsat propulsion market. Direct competitor offering Hall-effect-adjacent electric propulsion for satellite constellation operators, competing on cost, performance, and integration simplicity.

Broad incumbents

  • Astra (Apollo Fusion): US-based launch and propulsion company that acquired Apollo Fusion to develop Hall-effect thrusters for small satellites. Broader space company that competes indirectly via its propulsion product line targeting constellation operators across smallsat and larger platform classes.
  • Aerojet Rocketdyne (now part of L3Harris): Large US propulsion incumbent with extensive electric and chemical propulsion portfolio including ion and Hall thrusters for government and commercial satellites. Competes as an established alternative for higher-value SmallSat and larger spacecraft propulsion contracts where Pale Blue's Hall thruster will eventually compete.
  • Safran (Snecma / Safran Aircraft Engines): European aerospace propulsion major with satellite electric propulsion offerings through Safran Aircraft Engines and subsidiaries. Broad incumbent providing competing Hall thruster and chemical propulsion systems across commercial and institutional satellite customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Pale Blue social profiles

Digital presence

Pale Blue financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Pale Blue leadership team

Management profile

Number of profiles

Profiles11 records

Pale Blue funding detail

Funding detail

Funding overview

Funding rounds7 records

Investors24 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Pale Blue M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pale Blue

What does Pale Blue do?

Pale Blue develops, manufactures, and sells fully integrated water-based electric propulsion systems for small satellites, including water ion thrusters, water Hall-effect thrusters, water resistojet thrusters, and hybrid thrusters. Products are delivered as plug-and-play units pre-filled with water propellant and use RS-422 interfaces, sold directly to satellite integrators, operators, research institutions, and government space agencies worldwide.

Is Pale Blue a public or private company?

Pale Blue is a private company. It is classified as venture growth investor backed and is currently operating.

When was Pale Blue founded?

Pale Blue was founded in 2020. It employs 11 to 50 people.

Where is Pale Blue based?

Pale Blue is headquartered in Kashiwa, Japan, in the Asia region.

How does Pale Blue make money?

One revenue line is on record: water Propulsion Systems Sales.

Who are Pale Blue's main competitors?

Direct peers on record are Busek, SITAEL, Accion Systems, ThrustMe, Morpheus Space, Enpulsion and Phase Four. Broad incumbents are Astra (Apollo Fusion), Aerojet Rocketdyne (now part of L3Harris) and Safran (Snecma / Safran Aircraft Engines).

Does Pale Blue have an API?

No public API is recorded for Pale Blue.

What industry is Pale Blue in?

Pale Blue's product category is Satellite Propulsion Systems. Its primary akta.pro industry code is IMABACAE, Spacecraft Propulsion (In-Space) & Thrusters. Its NAICS code is 336415 and its SIC code is 3760.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
EIN PresswireFive Breakthrough Japanese Startups Selected for the 2026 Japan–U.S. Innovation Awards Innovation ShowcaseFive Japanese startups—HACARUS, I Peace, KORTUC, Ookuma Diamond Device, and Pale Blue—were selected for the 2026 Japan-U.S. Innovation Awards Showcase. They will present their technologies at the symposium on July 16, 2026, at Stanford University. The program, in its 16th year, highlights Japan's innovation ecosystem.Cyprus MailCyprus fintech targets SMEs with device-agnostic payment appPale Blue launched its Paid app in Cyprus, a device-agnostic SoftPOS that lets merchants accept contactless payments via NFC-enabled smartphones. The app requires no subscriptions or setup fees, with compliance handled by Stripe. The company plans to gather merchant feedback over the next 12 months to improve the product.Cyprus MailCyprus firm launches mobile payment app for businessesCyprus-based Pale Blue launched Paid, a mobile payment app for businesses that uses NFC to accept card payments via smartphones. The pay-as-you-go model charges a small transaction fee per payment, with no hardware, contracts, or monthly fees. The app is available on iOS and Android.AiaaElectric propulsion continues to proliferateThe Electric Propulsion Technical Committee reported that electric propulsion systems proliferated across multiple metrics in 2025, with major developments including NASA completing delivery of high-powered thrusters for the lunar Gateway's Power and Propulsion Element and NASA's Psyche mission using 325 kilograms of xenon across 8,000 hours of operation. Notable commercial milestones included Busek delivering its 350th BHT-350 thruster, SpaceX operating over 8,500 Starlink satellites each equipped with Hall thrusters, and ThrustMe expecting its 200th NPT30-I2 iodine thruster to become the most populous gridded ion thruster design on orbit. Research advances included Pale Blue achieving the first successful in-orbit operation of a water ion thruster, while institutions in Germany and the United States progressed work on novel field-emission emitters and micro cathode arc thrusters respectively.Business Wire IndiaAxelspace: Notice of Signing a Service contract for In-Orbit Demonstration with Pale Blue, Inc.Axelspace Corporation has signed a service agreement with Pale Blue Inc. to conduct an in-orbit demonstration of Pale Blue's compact Hall thruster "PBH-100" in 2027. The demonstration will validate key features including high thrust, high specific impulse, and rapid startup performance using Axelspace's AxelLiner Laboratory platform. The contract addresses the growing demand from Japan's space industry for timely in-orbit demonstrations of innovative satellite components, which historically face lengthy processes from selection to launch.MitsubishielectricMitsubishi Electric’s ME Innovation Fund Invests in Pale Blue, Startup Developing Water-based Propulsion Systems for SatellitesMitsubishi Electric Corporation's ME Innovation Fund has invested in Pale Blue Inc., a Japanese startup developing water-based propulsion systems for small satellites. This marks the fund's 13th investment and establishes a technical collaboration aimed at enhancing Mitsubishi Electric's space business competitiveness. The partnership focuses on leveraging Pale Blue's sustainable propulsion technology to support safe and efficient satellite operations.PrtimesInvesting in Pale Blue Inc., which develops and manufactures propulsion systems for small satellites.Global Brain Corporation has made an investment in Pale Blue Inc., a startup originating from the University of Tokyo established in 2020, through its ME Innovation Fund and Tokyu Construction - GB Innovation Investment Limited Partnership. Pale Blue develops water-based ion engine propulsion systems for small artificial satellites, with space demonstration already completed and a mass production system currently under development. Global Brain cited Pale Blue's high technological capabilities and competitive advantages as the basis for the investment decision.SatcomPale Blue Raises $7.5M in Series B Round, to Build Production Facility — Satcom.DigitalPale Blue Inc. has completed the first close of its Series B funding round, raising approximately $7.5 million through a third-party allotment to existing investors Mitsui Sumitomo Insurance Venture Capital and Incubate Fund. The company was also selected for the demonstration of mass production phase of NEDO's Deep Tech Startup Support Project to accelerate R&D and establish a production base for water-based satellite propulsion systems.ThebridgeTokyo University developed a propulsion system that moves satellites using water, and closed Series B funding at 2.5 billion yen.Pale Blue, a space startup based in Japan, announced the completion of its Series B funding round totaling approximately 2.5 billion yen. The investment was backed by a consortium including Ace Start, KURONEKO Innovation Fund, Itochu Technology Ventures, and several other venture capital firms. The company plans to use the funds to further develop its water-based propulsion systems for small satellites and establish production capabilities.Pale-BluePale Blue completed fund raising more than 2.5 billion yen value - Pale BluePale Blue Inc. completed a Series B funding round of 2.5 billion yen (approximately $16 million) to accelerate the research, development, and manufacturing of propulsion systems for small satellites. The company plans to utilize the capital for the on-orbit demonstration of its water ion and Hall-effect thrusters, the establishment of a production technology base in Tsukuba, and team expansion.