STARFIGHTERS SPACE INC (FJET)
Industrials · Aerospace & Defense · NYSE American
Starfighters Space is an aerospace firm operating a unique fleet of supersonic F-104 aircraft to provide high-cadence launch services and hypersonic research testbed capabilities.
What STARFIGHTERS SPACE INC does
Starfighters Space, Inc. is an aerospace company that operates a fleet of supersonic F-104 aircraft to provide commercial, academic, and government clients with launch services and airborne testing platforms. The company utilizes its aircraft as first-stage lifting platforms for sub-orbital missions and hypersonic research, and it is currently developing the STARLAUNCH platform for air-launched rocket capabilities.
Recent developments
On May 27, 2026, the company completed a private placement raising approximately $17.5 million for operational and infrastructure expansion. The company has also filed a lawsuit against Aerovision LLC and its affiliates for the recovery of $5 million in deposits related to an unfulfilled aircraft acquisition agreement.
From STARFIGHTERS SPACE INC's filing of 2026-08-19.
Themes: aerospace launch services, hypersonic research, commercial spaceflight, sub-orbital launch
Fundamentals
- Price$3.65 as of 2026-07-27 close
- Market cap$201M as of 2026-07-27
- P/En/a negative earnings
- ROE-66.4% FY2025, SEC XBRL
- Debt / equity0.07 as of 2026-09-03
- Beta3.72 as of 2026-09-03
- Last reported earnings2026-05-21 SEC EDGAR Form 8-K (Item 2.02)
How FJET compares in its sector
- return on equitybottom 10% 432 covered Industrials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 417 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)
["The company faces significant litigation risks, including a legal dispute regarding a failed aircraft acquisition agreement for which deposits have been fully impaired.","As an unprofitable company, it faces liquidity and going-concern risks, and it remains dependent on external financing and capital raises to fund operations.","The company's business model relies on the specialized maintenance and operation of an aging, unique fleet of F-104 supersonic aircraft."]
What changed in the latest 10-Q
AI-assisted comparison of FJET's 10-Q filed 2026-08-19 against the prior one filed 2026-05-20.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing adds a 'Private Placement Financing' subsection under Recent Developments describing a private placement of 5,223,879 shares of Common Stock at $3.35 per share to institutional investors completed on May 27, 2026, for aggregate gross proceeds of $17,499,995, with intended use of net proceeds for operational expansion, infrastructure development, and STARLAUNCH platform advancement.
- Newer filing adds statement that as of June 30, 2026, the Company has fully impaired the deposits paid to Aerovision.
- Newer filing states that on August 10, 2026, SFII's legal counsel filed a complaint in the 18th Judicial Circuit in and for Brevard County, Florida against Hunter Daniels d/b/a Aerovision, Hunter Daniels, and Mark Daniels, alleging breach of contract against Aerovision due to complete failure to perform under the Aircraft Agreement.
- Newer filing changes the heading to 'Current Status of Aerovision Aircraft Acquisition Agreement and Litigation Against Aerovision'.
- Removed:
- Older filing contains a 'Resignations of Rick Svetkoff and Brenda Svetkoff' subsection under Recent Developments, which is not present in the newer filing.
- Older filing states that on December 17, 2025, the Company successfully closed its initial public offering and on December 18, 2025, its common shares were listed for trading on the NYSE American; this IPO closing and listing date information is removed from the newer Company Overview.
- Older filing describes demand as being for services 'such as the National Aeronautics and Space Administration (" NASA ") owned F-104s used to provide'; this phrasing is removed in the newer filing.
- Reworded:
- Older filing states the Company operates from NASA's Kennedy Space Center and lists four groups of services (Launch Services and Access to Space; Research and Development (R&D) and Test and Evaluation (T&E) Test Bed; Defense, Civil, Academic and Commercial Services; and Pilot and Astronaut Training). Newer filing revises this to state the Company plans to operate from NASA's Kennedy Space Center with an additional base at Midland International Air & Space Port, lists two groups of services (Launch Services and Access to Space; and Airborne Testbed for Hypersonic Research and Development (R&D) and Test and Evaluation (T&E) Test Bed), and adds that the Company still provides specialized pilot-training, payload preparation and integration, and flight-testing services.
- Newer filing adds detail on aircraft fleet status: three aircraft flight-ready, three flight-capable, and one not flight-capable.
- Older filing refers to capabilities of the 'Lockheed F-104'; newer filing refers to capabilities of the 'F-104'.
- Notes:
- The newer filing text appears to be truncated at the end of the Aerovision litigation paragraph.
- The older filing text appears to be truncated at the end of the Svetkoff resignations section.
Risk Factors
- Added:
- Newer filing includes full text of Item 1A Risk Factors stating the company is a smaller reporting company not required to provide the information under the item, and that there have been no material changes to the risk factors disclosed in the 2025 Annual Report.
- Newer filing includes full text of Item 2 Unregistered Sales of Equity Securities and Use of Proceeds, including details of a Private Placement closed on or about May 27, 2026, and a cashless exercise of warrants on June 15, 2026.
- Newer filing includes full text of Item 3 Defaults Upon Senior Securities stating 'None'.
- Newer filing includes full text of Item 4 Mine Safety Disclosures stating 'Not applicable'.
- Newer filing includes full text of Item 5 Other Information stating no directors or executive officers adopted, modified or terminated any Rule 10b5-1 plan or non-Rule 10b5-1 trading arrangement during the fiscal quarter ended June 30, 2026.
- Newer filing includes full text of Item 6 Exhibits and the exhibit list.
- Newer filing includes the SIGNATURES section with signatures dated August 19, 2026.
- Removed:
- Older filing includes the STATEMENTS REGARDING FORWARD-LOOKING INFORMATION section with detailed forward-looking statement cautionary language and enumerated risk factors.
- Older filing contains only table-of-contents style entries for Items 1A through 6 and SIGNATURES, without the substantive section text.
- Older filing includes the beginning of the unaudited condensed consolidated interim financial statements, including the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025, and the statements of operations for the three months ended March 31, 2026 and 2025.
- Notes:
- The provided older filing excerpt appears to be from a different portion of the document (table of contents and forward-looking statements plus financial statements) rather than the substantive Risk Factors section, so direct comparison of risk factor text is limited.
- The older filing excerpt is truncated within the statements of operations section.
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)
0 open-market purchases and 1 open-market sale by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 1 sell ($118863) — 1 selling insider
- Last 180 days · read to 2026-10-040 buys · 10 sells ($7M) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-04. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FJET's insider activity →
Only 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)
4 institutional 13F filers reported holding FJET as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 9,052,957
- Reported value $48,161,732
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
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.
Ask about FJET's institutional holders → See what each manager we track holds →
Short interest (FINRA)
FJET had 4,760,813 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
FJET had 8.66% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.6 days to cover at the same settlement.
- Reported short interest (shares) 4,760,813
- Short interest (% of shares outstanding) 8.66%
- Prior settlement (shares) 4,109,609
- Reported change 15.85%
- Days to cover (reported) 2.6
Reported to FINRA as of the 2026-09-15 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.
Frequently asked questions
What does STARFIGHTERS SPACE INC (FJET) do?
Starfighters Space, Inc. is an aerospace company that operates a fleet of supersonic F-104 aircraft to provide commercial, academic, and government clients with launch services and airborne testing platforms. The company utilizes its aircraft as first-stage lifting platforms for sub-orbital missions and hypersonic research, and it is currently developing the STARLAUNCH platform for air-launched rocket capabilities.
What sector is STARFIGHTERS SPACE INC (FJET) in?
STARFIGHTERS SPACE INC (FJET) is classified in the Industrials sector. Its industry is Aerospace & Defense. It trades on NYSE American.
Where does stocks-llm's data on FJET come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; 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: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. 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.