STARFIGHTERS SPACE INC (FJET)
Industrials · Commercial Aerospace Services · NYSE American
Starfighters Space operates a unique commercial fleet of supersonic F-104 aircraft to provide flight testing, astronaut training, and hypersonic research platforms.
What STARFIGHTERS SPACE INC does
Starfighters Space is a commercial aerospace company that operates a fleet of Lockheed F-104 supersonic aircraft to provide pilot and astronaut training, in-flight testing, and suborbital launch services. The company provides these historical and new services to defense, civil, academic, and commercial sectors, with a specific focus on supporting hypersonic research and development. It operates primarily out of NASA's Kennedy Space Center and Midland International Air & Space Port.
Themes: commercial aerospace, hypersonic research, flight training, space access, defense technology
Fundamentals
- Price$3.65 as of 2026-07-27 close
- Market cap$201M as of 2026-07-27
- P/En/a earnings data not available
- ROE-66.4% as of 2026-08-24
- Debt / equity0.07 as of 2026-08-24
- Beta3.68 as of 2026-08-24
- Last reported earnings2026-05-21 SEC EDGAR Form 8-K (Item 2.02)
How FJET compares in its sector
- return on equitybottom 10% 460 covered Industrials peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 414 covered Industrials peers, as of FY2025
Position among covered Industrials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Key risks (from latest filing)
["History of operating losses and uncertainty regarding future profitability","High dependence on key management personnel and risk of turnover in executive leadership","Significant reliance on a limited number of specialized suppliers for maintenance and operational needs"]
What changed in the latest 10-Q
AI-assisted comparison of FJET's 10-Q filed 2026-05-20 against the prior one filed 2026-01-26.
Management's Discussion & Analysis (MD&A)
- Added:
- Disclosure of January 21, 2026 announcement regarding successful completion of wind tunnel testing for STARLAUNCH 1 air-launched rocket development
- Details of STARLAUNCH 1 wind tunnel testing campaign including separation evaluation at Mach 0.85 and Mach 1.3
- Reference to FAMU/FSU Joint College of Engineering Polysonic Wind Tunnel as testing location
- Description of plan to procure instrumented drop test articles for further separation dynamics evaluation
- Explanation that STARLAUNCH 1 is a sub-orbital vehicle for short-duration microgravity missions
- New section titled 'Current Status of Aerovision Aircraft Acquisition Agreement' detailing October 31, 2024 aircraft acquisition agreement with Aerovision LLC
- Information about Aerovision agreement for purchase of twelve F-4 Phantom II aircraft from Republic of Korea Air Force
- Details of $5,000,000 initial deposit advance payments made on January 24, 2025 and March 3, 2025 to Aerovision
- Statement that Aerovision has not provided information on aircraft availability and recent contact attempts have been unsuccessful
- New section titled 'Resignations of Rick Svetkoff and Brenda Svetkoff' disclosing February 19, 2026 resignations
- Details of Rick Svetkoff's resignation as CEO, President, Chairman and director citing disagreement with Board over operations, policies and practices
- Details of Brenda Svetkoff's resignation as Secretary citing disagreement with Board
- Statement noting resignations have not materially affected day-to-day operations but uncertainty regarding long-term competitive impact
- Reference to resignation letters filed as Exhibits 17.1 and 17.2 to Form 8-K filed February 25, 2026
- Removed:
- Reference to Company being 'Starfighters Space, Inc.' in opening sentence of Company Overview section (replaced with 'The Company was founded and incorporated')
- Disclosure of initial public offering closing date and NYSE American listing with trading symbol 'FJET' in newer filing (appeared in older filing's opening)
- Original head office location at 'Reusable Launch Vehicle Hangar, Hangar Rd, Cape Canaveral, FL, 32920' (changed to '505 Odyssey Way, Suite 101, Kennedy Space Center, Florida, 32953')
- Entire 'Hangar Lease agreement in Texas' section from June 1, 2025
- Entire 'Midland Economic Development Agreement' section detailing October 7, 2024 agreement with Midland Development Corporation
- Entire 'Space Florida Loan Amendment' section detailing October 29, 2024 amendment to loan and security agreements
- Reworded:
- Newer filing states 'On December 17, 2025, the Company successfully closed its initial public offering and on December 18, 2025, our common shares were listed for trading on the NYSE American under the trading symbol "FJET"' whereas older filing did not include this IPO disclosure in the Company Overview section
- Newer filing uses 'The Company' throughout Company Overview section instead of 'Starfighters' as used in older filing
- Newer filing states 'To our knowledge' whereas older filing stated 'To the Company's knowledge' regarding F-104 capabilities
- Newer filing states 'We plan to fulfill' whereas older filing stated 'Starfighters plans to fulfill' regarding seven F-104 aircraft fleet
- Notes:
- The newer filing text appears truncated at the end of the 'Resignations' section, cutting off mid-sentence with 'The Company respectfully disagrees with the s'
- The older filing text also appears truncated in the 'Space Florida Loan Amendment' section
- Due to truncation, full content of sections may not have been captured for complete comparison
Risk Factors
- Added:
- Added risk factor: The Company is highly dependent upon the services of Tim Franta, the Company's newly-appointed Chief Executive Officer (filed 2026-05-20)
- Added risk factor: Historically, the Company has been highly dependent on the services of Rick Svetkoff, the Company's former President and Chief Executive Officer, and it remains unclear whether his resignation on February 19, 2026, will adversely affect the Company's ability to compete in the long term (filed 2026-05-20)
- Added reference to Annual Report on Form 10-K filed on April 15, 2026 as the 2025 Annual Report (filed 2026-05-20)
- Removed:
- Removed phrase limited operating history in the first risk factor; now reads Company operates in an evolving industry instead of Company has a limited operating history in an evolving industry (filed 2026-05-20)
- Removed risk factor: The Company is highly dependent upon the services of Mr. Svetkoff, the Company's Chief Executive Officer, and if the Company is unable to retain Mr. Svetkoff, the Company's ability to compete could be harmed (filed 2026-05-20)
- Removed reference to annual report filed in prior year; now specifically references April 15, 2026 10-K rather than prior filing reference (filed 2026-05-20)
- Reworded:
- Changed Company has a limited operating history in an evolving industry to Company operates in an evolving industry, removing the limited operating history descriptor (filed 2026-05-20)
- Changed We depend on several specialized suppliers to The Company depends on several specialized suppliers for consistency in pronoun usage (filed 2026-05-20)
- Notes:
- The newer filing covers the three months ended March 31, 2026 while the older filing covers nine months ended September 30, 2025, representing different reporting periods
- Page number changes occurred between filings (Risk Factors moved from page 43 to page 42 in newer filing)
- The financial statements sections are not directly comparable as they report different periods and comparative years
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for FJET — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
3 institutional 13F filers reported holding FJET as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 3
- Reported shares held 663,053
- Reported value $3,925,274
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
FJET had 4,030,074 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
FJET had 7.33% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.77 days to cover at the same settlement.
- Reported short interest (shares) 4,030,074
- Short interest (% of shares outstanding) 7.33%
- Prior settlement (shares) 4,115,687
- Reported change -2.08%
- Days to cover (reported) 5.77
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
STARFIGHTERS SPACE INC is found in…
Frequently asked questions
What does STARFIGHTERS SPACE INC (FJET) do?
Starfighters Space is a commercial aerospace company that operates a fleet of Lockheed F-104 supersonic aircraft to provide pilot and astronaut training, in-flight testing, and suborbital launch services. The company provides these historical and new services to defense, civil, academic, and commercial sectors, with a specific focus on supporting hypersonic research and development. It operates primarily out of NASA's Kennedy Space Center and Midland International Air & Space Port.
What sector is STARFIGHTERS SPACE INC (FJET) in?
STARFIGHTERS SPACE INC (FJET) is classified in the Industrials sector. Its industry is Commercial Aerospace Services. It trades on NYSE American.
Where does stocks-llm's data on FJET come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-27.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.