Tomy Space Turbo (1985, Lights/mechanical, 4 D Batteries,
Model# 7062)
U. S. Patent # 4,602,790
Invented by: Masami Furukawa (Tokyo) (according to the patent)

Japanese version is white:

UK Version, also white:

Space Turbo can be seen in Disney's Flight of the Navigator:
(See Handhelds in Movies for more!)

Do I have this? No.