Blue Streaks Effect.

Anyone know how this effect was created? I’m talking about the blue streaks coming from the back of his space ship.

Please see the link below

thats literally a circle-esque texture on translucency that is being emitted hundreds if not thousands of times.
Just follow a few cascade tutorials and you can make something like this with your eyes closed.

Intro to Cascade: Cascade at a Glance | 02 | v4.2 Tutorial Series | Unreal Engine - YouTube (also check suggested youtube vids, comes with more particle effects)

You could also use a ribbon type particle for your trails: