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Pale Blue develops water-based electric propulsion for small satellites, backed by a Mitsubishi Electric investment and a Series C round closed in August 2025.
ACTIVEWater-based electric propulsion for small satellites. Mitsubishi Electric investment. Series C completed Aug 2025.
Water-based electric propulsion for small satellites. Mitsubishi Electric investment. Series C completed Aug 2025.
Not ranked: Data in 1 pillar; at least 2 are needed to rank.
1 of 5 inputs measured · Insufficient data · 50% of applicable weight backed by data
Not measured: Market value, Reported revenue
Not measured: Capital raised (24 months)
Not measured: Open-role change (90 days)
A pillar score averages the company’s percentiles among the tracked companies with a value: relative standing, not a grade. Inputs measured 2026-10-07 (UTC) · methodology v5. Every input, its value and percentile · How it is computed
The Space Score ranks companies relative to each other on public data we hold. It describes; it does not rate, forecast or recommend. It is not a credit rating and not investment advice. Full disclaimer
For information only, not investment advice. SpaceNexus is not a registered investment adviser, broker or dealer, and nothing here is a recommendation to buy, sell or hold any security. Data may be delayed, estimated or incomplete; check the source before acting. Full disclaimer
Latest funding round
Series C · –
Aug 7, 2025
Water-based electric propulsion system for small satellite orbit maintenance and maneuvers.
Checking for a discussion…
Compiled Oct 7, 2026 from 4 public records. Every figure links the record it comes from.
Latest sourced round
Series C: amount undisclosed
Source: Pale Blue (press release)
Announced Aug 7, 2025
Sourced rounds on record
4 rounds, $4.1M disclosed
3 with no amount disclosed
Published rounds with a source link only, on the same rules as the funding tracker. Each round links the source that states its figure; amounts in other currencies are converted to dollars at the rate shown on the funding tracker.
Source: Pale Blue (press release)
Latest round Aug 7, 2025
Also: Pale Blue (press release), Pale Blue, Pale Blue (press release)
Incubate Fund
Took part in Series B (Jun 4, 2024)
Pale Blue (press release), Jun 4, 2024
Mitsui Sumitomo Insurance Venture Capital
Took part in Series B (Jun 4, 2024)
Pale Blue (press release), Jun 4, 2024
KURONEKO Innovation Fund
Took part in Series A (Oct 28, 2021)
Pale Blue, Oct 28, 2021
SPARX Innovation for Future
Took part in Series A (Oct 28, 2021)
APA
SpaceNexus. (2026, October 7). Pale Blue: Company dossier [Data set]. Retrieved October 7, 2026, from https://spacenexus.us/company-profiles/pale-blue
Chicago
SpaceNexus. "Pale Blue: Company dossier." Data as of October 7, 2026. Accessed October 7, 2026. https://spacenexus.us/company-profiles/pale-blue.
BibTeX
@misc{spacenexus_paleblue_2026,
author = {{SpaceNexus}},
title = {{Pale Blue}: Company dossier},
year = {2026},
month = oct,
howpublished = {\url{https://spacenexus.us/company-profiles/pale-blue}},
url = {https://spacenexus.us/company-profiles/pale-blue},
urldate = {2026-10-07},
note = {Data as of 2026-10-07; each fact links its primary source}
}MSIVC
Co-led Seed (Oct 21, 2020)
Pale Blue (press release), Oct 21, 2020