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News  ›  Benzinga

Starfighters Space Hits Public Markets At Full Throttle

Benzinga Logo Benzinga By Erica Kollmann
Starfighters Space Hits Public Markets At Full Throttle

Starfighters Space (FJET) debuted on NYSE American at $3.59 per share and surged 370% to $31.50 on Monday before pulling back 50% on Tuesday. The company operates the world's only commercial fleet of Lockheed F-104 Starfighters for satellite launches and R&D partnerships with GE Aerospace and Lockheed Martin. The extreme volatility reflects market price discovery following the $40 million IPO, with proceeds earmarked for expansion into Texas and acquisition of F-4 Phantoms.

Insights
FJET   positive

Company operates unique commercial space launch platform with established customers (GE Aerospace, Lockheed Martin), strategic location at NASA's Kennedy Space Center, and expansion plans. Despite extreme volatility, the 370% Monday surge and Wall Street interest suggest confidence in the company's competitive advantages in the growing small-satellite market.