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Japan's biggest defense electronics firm just backed a water-powered satellite engine
Original: Pale Blue teams up with Mitsubishi Electric to advance water propulsion
AI Executive Summary
Pale Blue completes $10M Series C with Mitsubishi Electric's CVC fund, bringing total raised to ~$30M. The strategic investment is expected to lead to deeper technical collaboration on satellite propulsion. CEO Jun Asakawa notes talks with launch providers about bundled propulsion solutions.