The transient exhaust of an ablative pulsed plasma thruster is characterized experimentally for three capacitances and three
discharge voltages, for discharge energies below 11 J. A novel analysis technique is introduced, which reconstructs the exhaust
as a superposition of different Maxwellian-like ion groups. Each ion group is characterized by its own mean velocity, thermal
spread, initial density, generation time and divergence rate. The time series of three probes working in the ion saturation
regime are used to determine the value of the model parameters by least-squares fitting. This approach allows a higher level
of accuracy and insight than time-of-flight analysis based on direct feature correlation alone. A good fit of the main part of
the discharge time series is achieved with just three ion groups, with mean velocities ranging in 50–70, 30–45 and 10–25 km/s
respectively. Each ion group differs in the lateral divergence rate and axial thermal spread, and potentially corresponds with a
different charge/mass ratio and/or creation time. Some trends with bank capacitance and discharge voltage are identified and
discussed.