Pale Blue has been selected by the New Energy and Industrial Technology Development Organization (NEDO) as a grant recipient in the third round of the fiscal 2020 “R&D Startup Support Project / Commercialization Support for R&D Startups in the Seed Stage” (maximum grant amount: 70 million yen). We raise a total of approximately 200 million yen in one year after its establishment in April 2020, and will take on the challenge of developing and commercializing a safe and inexpensive water-integrated engine for nano-satellites, which is necessary to realize a mega-constellation that will revolutionize the space industry.

Press Release by Pale Blue (In Japanese)