Investigation into Starfighters Space Investor Claims

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: 3 days ago

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FJET-13.06%

Should l Buy FJET?

Source: Globenewswire

Executive Resignation Impact: Starfighters Space announced on February 23, 2026, that founder Rick Svetkoff resigned from multiple key positions, leading to a decline in share price and investor confidence, potentially resulting in legal liabilities.
Securities Law Compliance Investigation: Johnson Fistel, PLLP is investigating whether Starfighters Space complied with federal securities laws, particularly regarding investor losses following the executive resignations, highlighting concerns over corporate governance.
Investor Loss Recovery: Investors who suffered losses from their investments in Starfighters Space stock are encouraged to join the investigation by Johnson Fistel, indicating the firm's commitment to protecting investor rights and pursuing legal remedies.
IPO Background: Starfighters Space commenced trading on the NYSE American on December 18, 2025, and despite an initially positive performance, the sudden executive resignations may adversely affect its future market performance and investor trust.

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About FJET

Starfighters Space, Inc. operates the commercial fleet of flight-ready F-104 supersonic aircraft (Lockheed F-104). The Lockheed F-104 is developed as a supersonic aircraft for the United States Armed Forces. Supersonic flights capable of flying at MACH 2 with air-launch rockets in development through the Starfighters STARLAUNCH program. The Lockheed F-104 also performed many safety chase missions in support of advanced research aircraft and provided a launch platform for sounding rockets. The Company organizes its services into various categories: historical services and new services. Its historical services include pilot and astronaut training, launch services and access to space, and in-flight testing. Its new services include launch services and access to space (commercial, academic, civil and government clients), and airborne testbed for hypersonic research and development (R&D) and test and evaluation (T&E) test bed (commercial, academic, civil and government).

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Shooting for the Stars: Starfighters Space's New CEO Tim Franta Outlines Vision

20 hours agoYahoo Finance

Leadership Change: Tim Franta was appointed CEO of Starfighters Space on February 23, succeeding founder Rick Svetkoff, who resigned from all executive roles, marking a new chapter for the company in the rapidly evolving aerospace sector.
Launch Capability Expansion: Franta announced plans for over 150 launches in 2026, a significant increase from just 12 launches per year 14 years ago, indicating strong growth potential in the aerospace market.
Defense Collaboration: The company is partnering with the U.S. Air Force Research Laboratory to develop hypersonic rockets, which can travel at speeds between 5 to 25 times the speed of sound, highlighting Starfighters' critical role in national security.
Optimistic Market Outlook: Franta compared the rapid growth of the space industry to the explosive app market in 2007, emphasizing that the upcoming SpaceX IPO is expected to have a positive impact on the entire sector, further enhancing Starfighters Space's market position.

Congress Approves $839 Billion Defense Budget for 2026

4 hours agoNewsfilter

Defense Budget Increase: Congress approved an $839 billion defense budget for 2026, which is $8 billion more than requested by the Department of Defense, with significant funding allocated for space, missile defense, and advanced aerospace systems, likely boosting growth for related companies.
Hypersonic Defense Investment: The Pentagon's $152 billion spending plan allocates $2.2 billion specifically to accelerate hypersonic defense systems and $5.6 billion for space-based interceptors, indicating a strong commitment to advancing future defense technologies.
Starfighters Expansion Plan: Starfighters Space is expanding operations at Midland International Air & Space Port, currently housing four F-104 aircraft and 14 GE J-79 engines, with plans to double this number within 18 months to enhance mission cadence and geographic flexibility.
STARLAUNCH 1 Project Progress: Starfighters' STARLAUNCH 1 program has moved to Critical Design Review, building on successful subsonic and supersonic wind tunnel tests in Florida that demonstrated excellent separation behavior, further solidifying its leading position in aerospace testing.

Starfighters Expands Operations at Midland International Air & Space Port

1 day agoNewsfilter

Operational Expansion: Starfighters is increasing its operational presence at Midland International Air & Space Port by relocating aircraft and hardware to support an anticipated rise in mission cadence, thereby enhancing its competitiveness in the aerospace market.
Geographic Flexibility: The new location allows Starfighters to access nine different Air Force bases and test ranges across Texas, New Mexico, and California, improving scheduling flexibility and operational resilience.
Equipment Doubling: Currently, there are four F-104 aircraft and 14 GE J-79 engines at Midland, with expectations to double these numbers in the next 18 months, significantly boosting the company's testing and launch capabilities.
Strategic Partnership: Starfighters is collaborating with the Midland Development Corporation on high-speed corridor initiatives focused on safe supersonic flight, which is expected to further enhance its operational capacity and market responsiveness.