Starfighters Space (FJET) Stock: Shares Triple After IPO as Space Sector Takes Off

TLDR

• Starfighters Space (FJET) shares rocketed 252% on Monday to $23.20 after completing a $40 million IPO at $3.59 per share.
• The aerospace company operates F-104 supersonic jets from Kennedy Space Center for small satellite launches into low Earth orbit.
• Trading volume exploded to 36 million shares, dwarfing the typical 5.2 million daily average as investors piled in.
• The space sector rallied broadly with Rocket Lab hitting new highs on an $816 million contract and Sidus Space up 90%.
• CEO Rick Svetkoff plans to use IPO proceeds for hypersonic R&D and scaling launch operations to meet growing demand.

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Starfighters Space made its official trading debut with a bang. Shares skyrocketed over 250% on Monday.

The stock opened at $7.73 and climbed to $23.20 by afternoon. That’s more than triple the $3.59 IPO price from last week.

Starfighters Space Inc, FJET

FJET began trading on the NYSE American exchange December 18. The company raised $40 million by selling 11,142,061 shares.

The offering actually started in September 2024 as a Regulation A Tier 2 raise. It finally closed this month after selling shares over the 15-month period.

Trading activity went through the roof Monday. Volume hit 36 million shares.

That’s nearly seven times the normal daily average of 5.2 million. The surge shows serious buying pressure from retail and institutional players alike.

The Space Rally Connection

FJET wasn’t alone in Monday’s rally. The entire space sector got a boost.

Rocket Lab shares touched all-time highs above $78. The catalyst was an $816 million Space Development Agency contract.

Sidus Space jumped over 90% on its own missile defense deal. Investors clearly have an appetite for aerospace plays right now.

Buzz around potential SpaceX and Blue Origin IPOs added excitement. Reports of Google exploring space-based computing helped too.

The sector momentum created a perfect environment for FJET’s public debut. New space stocks are getting immediate attention from traders.

Company Operations and Plans

Starfighters runs operations from NASA’s Kennedy Space Center in Cape Canaveral. They own the world’s largest commercial supersonic aircraft fleet.

The company flies F-104 jets for sub-orbital missions. These aircraft can carry small satellites and payloads to low Earth orbit.

CEO Rick Svetkoff founded the company. The former Navy pilot sees major growth ahead.

The IPO funds will support hypersonic research programs. Starfighters is developing its STARLAUNCH system for commercial launches.

Svetkoff wants to scale operations to meet rising global demand. More satellites need rides to orbit, and the company aims to provide them.

Price Levels to Watch

Traders are eyeing key technical levels now. The previous high of $17.72 could provide support if shares pull back.

The $25 mark represents psychological resistance. That round number often creates selling pressure.

Volume will be crucial going forward. Monday’s 36 million shares showed strong interest, but can it continue?

The stock hit a new 52-week high at current levels. Any consolidation around these prices would be healthy after such a fast move.

Equifund.com hosted the offering with Digital Offering LLC serving as lead selling agent for the public raise.

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