Unquestionably, FJET stock has a cinematic quality. Starfighters Space, the company that created it, uses modified Lockheed F-104 jets that can reach Mach-2 speeds. It discusses using high-altitude flight paths to send payloads into space. Even the imagery, which features silver fuselages cutting through Florida skies and afterburners glowing against Atlantic sunsets, seems to have been lifted from a Cold War test program.
The stock chart, however, presents a different picture.
FJET recently closed at $7.15, a one-session decline of almost 12%. While that is a significant decline, it is typical for this business. The stock jumped above $30 after making its NYSE American debut at $3.59 per share in December 2025, but it then dropped back toward single digits. Investors appear to be trading the dream rather than the fundamentals as they observe those swings.
The company’s headquarters are at Kennedy Space Center, where the air contains that well-known mixture of jet fuel and salt. While technicians carefully maneuver around aging F-104 frames being prepared for testing, tourists take pictures of rockets in the distance. The audacity is hard not to admire. This software startup isn’t making any promises about cloud efficiency. This is pilots, engines, and metal. However, a stock price cannot be stabilized by ambition alone.
| Category | Details |
|---|---|
| Company Name | Starfighters Space, Inc. |
| Stock Ticker | FJET (NYSE American) |
| Recent Price | ~$7.15 |
| 52-Week Range | $4.51 – $31.50 |
| Market Capitalization | ~$314 Million |
| IPO Date | December 18, 2025 |
| IPO Price | $3.59 |
| Headquarters | Kennedy Space Center, Florida |
| CEO | Timothy A. Franta |
| Reference | NYSE FJET Listing |
| Reference | Yahoo Finance – FJET |
Starfighters Space’s financial situation is still pre-revenue, with net losses and small cash reserves. Profits per share are down. The market value is approximately $314 million. Investors appear to think that there could be a significant upside if the STARLAUNCH platform—which involves using supersonic aircraft to send small payloads into space—is successful. FJET may be seen by early backers as a unique public entry point into the commercial space race.
Timing is the issue. Commercial space has always been unpredictable and capital-intensive. Access to orbit is possible, but profitability is elusive, as demonstrated by companies such as Rocket Lab and Intuitive Machines. Even earlier in that arc, FJET is honing its model as the public markets call for quarterly confirmation.
One could argue that a large portion of the initial spike was driven by the IPO itself. There was an almost joyous tone to the opening bell ceremony, which was televised from the NYSE floor. There was already support for aerospace stocks. Retail traders piled in as they watched for the next speculative breakout. It felt almost euphoric to go from less than $4 to more than $30.
Then gravity came back.
In relation to the company’s float, volume is still high, indicating that short-term traders are still active. The abnormally high beta of the stock illustrates how sensitive it has been to changes in sentiment. The stock rises after a news release about GE Aerospace’s partnership. It drifts lower after a quiet earnings period.
Whether FJET can move from narrative to execution is still up in the air. It is technically challenging to develop space launch capabilities from jet platforms; it requires constant funding, engineering precision, and regulatory approvals. Investors appear to be caught between curiosity and prudence.
Though possibly unjustly, comparisons to SpaceX are inevitable. In order to protect itself from market scrutiny while establishing scale, SpaceX never went public. In contrast, FJET made the early decision to use public markets. Access to capital comes with that decision, but it also comes with unrelenting scrutiny.
There is tension between the short-term trading dynamics and the long-term aerospace vision as the stock declines from its highs. It has been described as “uber speculative” by some analysts, and that may be true. After all, frontier industries are rife with speculation.
However, it seems premature to completely disregard it. There is a growing demand for small satellite launches worldwide. The demand for commercial payloads and defense contracts keeps growing. Investor confidence may return as swiftly as it disappeared if Starfighters can demonstrate dependability and cost effectiveness.
The chart currently shows more turbulence than smooth ascent. Investors are adjusting their expectations, assessing risk, and possibly realizing that space ventures proceed at their own speed. When numbers take the place of headlines, it’s difficult to ignore how quickly enthusiasm wanes.
