Starfighters Space Inc

FJET

Market cap $409M

Starfighters Space, Inc. is rated a Strong Sell due to an unproven business model and looming capital requirements. FJET's air-launch concept targets lower satellite launch costs but faces high execution risk and no demonstrated demand or track record. IPO proceeds are largely earmarked for CapEx and regulatory milestones, with significant additional capital raises likely needed.

Starfighters Space (FJET) crashed over 50% today as early investors opted to take profit in a stock that – at one point this week – was seen trading at nearly 9x its initial public offering (IPO) price.

Starfighters Space stock is a volatile bet after going public last week.

Starfighters Space, Inc. (AMEX: FJET) debuted on the NYSE American last Thursday with its initial public offering (IPO) priced at a modest $3.59 per share.

U.S. stock futures were mostly flat this morning, with the Nasdaq 100 futures slipping around 0.01% on Tuesday.

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Starfighters Space Provides Year-End Corporate Update Following NYSE American Listing.

Starfighters Space launches payloads from jets at speeds of Mach 2 and offers hypersonic testing for national security research.