When Utopia More discovers an ancient record that holds the key to unlocking the secrets of the universe, she becomes the target of the ruthless Gypsy Doc of the Pirate Guild. Utopia finds herself saved by the easy-going yet legendary space pirate, Cobra, whose custom made Psychogun makes him a force to be reckoned with. Together, the two of them attempt to stop Gypsy Doc (along with Cobra's revived arch-nemesis, Crystal Boy) and his efforts to steal the record and use its secrets to rule the universe.

Seeking reprieve from a painfully ordinary 9-to-5 existence, mild-mannered office worker Johnson visits the TM corporation, a company that sells virtual dreams. In Johnson's dream adventure, he's the notorious space pirate Cobra! Accompanied by his android partner Lady Armaroid, Cobra fights the lowlife scum of the Pirate Guild by day and saves sultry sirens of space by night. 
 
After the journey is over, events unfold that bring reality into focus. His experience wasn't a dream at all - it was a reawakening of his buried past! With the most feared weapon in the universe, the Psycho Gun, Cobra sets out into the galaxy in pursuit of love, fortune and fame. 
 
(Source: Discotek)

Lady has disappeared so Cobra must dive into her past to save her. This is the story of who Lady used to be and how she got that metal body.

Cobra is a notorious Space Pirate with a laser gun as his left arm. But, he was tired of being chased by the agency in space and decided to lead a regular life by changing his face & being wiped of his memory. 
Three years later, he is a regular person leading a regular life. He is tired of his lifestyle. For fun, he goes to see a "Trip Movie" that allows him to see the dream of his choice. When he saw his "dream", he saw his memories of when he was the notorious Space Pirate Cobra. However, he didn't know that was his memories. As he is going home, he meets up with someone who had a grudge with him. There is a little scuffle, and learns that he actually has a laser gun on his left hand.

An all color sequel to the original classic, Space Adventure Cobra.

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