The plasma balls are zooming so fast through space it would take only 30 minutes for them to travel from Earth to the Moon, researchers said.
This stellar "cannon fire" has continued once every 8.5 years for at least the past 400 years, they said.
The fireballs present a puzzle to astronomers, because the ejected material could not have been shot out by the host star, called V Hydrae.
Red giants are dying stars in the late stages of life that are exhausting the nuclear fuel that makes them shine. They have expanded in size and are shedding their outer layers into space.
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The current best explanation suggests the plasma balls were launched by an unseen companion star.
According to this theory, the companion would have to be in an elliptical orbit that carries it close to the red giant's puffed-up atmosphere every 8.5 years.
This star system could be the archetype to explain a dazzling variety of glowing shapes uncovered by Hubble that are seen around dying stars, called planetary nebulae, researchers said. A planetary nebula is an expanding shell of glowing gas expelled by a star late in its life.
"We knew this object had a high-speed outflow from previous data, but this is the first time we are seeing this process in action," said Raghvendra Sahai of NASA's Jet Propulsion Laboratory in the US.
Researchers used Hubble's Space Telescope Imaging Spectrograph (STIS) to conduct observations of V Hydrae and its surrounding region over an 11-year period, first from 2002 to 2004, and then from 2011 to 2013.
Spectroscopy decodes light from an object, unveiling information on its velocity, temperature, location and motion.
The data showed a string of monstrous, superhot blobs, each with a temperature of more than 9,400 degrees Celsius - almost twice as hot as the surface of the sun.
The study was published in The Astrophysical Journal.
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