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Starfighters Space Begins Initial Public Offering, Plans to List on NYSE American
Businesswire· 2025-12-10 22:33
Core Viewpoint - Starfighters Space, Inc. has received SEC qualification for its Post-Qualification Amendment to the Offering Statement, enabling the company to pursue a public offering and raise up to $40 million with an anticipated listing on the NYSE American under the ticker symbol "FJET" by December 18, 2025 [1][2]. Company Overview - Starfighters Space, Inc. operates the world's largest commercial supersonic aircraft fleet, specifically the F-104 aircraft capable of sustained MACH 2 flight, and is positioned as a leader in the commercial space launch industry [4][5]. - The company is based at NASA's Kennedy Space Center in Florida and is focused on high-demand commercial space activities, including air-launch capabilities for payload deployment to Low Earth Orbit (LEO) [5][6]. Offering Details - The company aims to raise up to $40 million through the offering, with shares priced at $3.59 each and a minimum investment requirement of $718 for 200 shares [7]. - The lead selling agent for the offering is Digital Offering, LLC, which specializes in crowd-financed public offerings [10]. Business Strategy - Starfighters is developing air-launch rockets through its STARLAUNCH program and plans to expand operations in Texas, targeting meaningful revenue generation by 2026 [4]. - The company emphasizes its ability to provide faster, more cost-effective access to low Earth orbit compared to traditional vertical launches, aiming to become the most cost-effective launch provider in the sector [8]. Customer and Partner Relationships - Current customers include major aerospace and defense companies such as GE Aerospace, Lockheed Martin, and the U.S. Air Force Research Laboratory, indicating strong industry partnerships [6].