FJET News & Events

Starfighters Space announced that it has increased its operational presence at the Midland International Air & Space Port, including the start of aircraft and hardware relocations to support an anticipated increase in mission cadence. The company expects the Midland site to support a higher operational cadence and to provide geographic flexibility alongside its Florida operations.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Virgin Galactic (SPCE) 15.49% +2.43, Starfighters Space, Inc. (FJET) 42.78% +1.78, Lucid Group (LCID) 21.33% +1.03, Klarna Group PLC (KLAR) 19.79% +0.74, Kodiak AI, Inc. Common Stock (KDK) 16.67% +0.63, Palladyne AI Corp (PDYN) 21.50% +0.36, Draganfly (DPRO) 13.34% +0.36, Serve Robotics Inc (SERV) 16.30% +0.27, SPDR S&P Biotech (XBI) 1.63% +0.22, and Volatility Shares Trust XRP 2X ETF (XRPT) 8.24% +0.19.

Shares of Starfighters Space are down 90c, or 10%, to $8.16 in pre-market trading after the company announced earlier that founder Rick Svetkoff has resigned as Chief Executive Officer, President, Chairman and Director. Svetkoff's spouse, Brenda Svetkoff, has also resigned as company secretary. The board of directors of the company has appointed Tim Franta, who has has served as Starfighters' Vice President of Development since October 18, 2022, as CEO. "Rick built Starfighters from the ground up. As we move into the commercialization era of our business, we are grateful for the strong foundation, both operationally and financially, he has left us," said Tim Franta.

Starfighters Space (FJET) announced that, after successful wind tunnel testing of the Starlaunch I rocket design, it is moving forward to critical design review with support from GE Aerospace (GE). The CDR is intended to confirm design maturity and support the program's transition into its next phase of build and test planning.