Starfighters Space, Inc. FJET
Starfighters Space, Inc. ("Starfighters", the "Company", "we", "our", and "us") is a commercial aerospace company incorporated in Delaware, USA, with its head office located at Reusable Launch Vehicle Hangar, Hangar Rd, Cape Canaveral, FL 32920. The Company's mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost.
Currently, Starfighters operates the world's only commercial fleet of flight-ready F-104 supersonic aircraft ("Lockheed F-104"). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center. The Lockheed F-104 also performed many safety chase missions in support of advanced research aircraft and provided a launch platform for sounding rockets.1 Test flights showed that a Lockheed F-104 launched single-stage Viper sounding rocket attain a maximum 112km in altitude.2 In total, the Lockheed F-104 flew over 18,000 missions for NASA. NASA retired the Lockheed F-104 in 1995,3 with transition to the McDonnell Douglas F/A-18 Hornet supersonic Aircraft.4
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $0 | $0 | — |
| R&D | $1.0M | $0 | — |
| SG&A | $286.0K | $166.2K | — |
| Total operating expenses | $15.3M | $4.3M | — |
| Interest expense | $556.0K | $486.7K | — |
| Pre-tax income | -$16.5M | -$7.9M | — |
| Income tax | $0 | $0 | — |
| Net income | -$16.5M | -$7.9M | — |
| EPS, basic | -0.76 | -0.46 | — |
| EPS, diluted | -0.76 | -0.46 | — |
| Shares, diluted (wtd. avg.) | $21.7M | $17.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $4.6M | $7.1M | $1.7M |
| Short-term investments | $15.3M | $1.0M | — |
| Total current assets | $20.1M | $8.4M | — |
| Property, plant and equipment | $2.4M | $82.6K | — |
| Total assets | $28.4M | $10.3M | — |
| Accounts payable | $966.1K | $731.8K | — |
| Total current liabilities | $3.1M | $16.0M | — |
| Total liabilities | $3.5M | $16.2M | — |
| Retained earnings | -$33.4M | -$16.9M | — |
| Total equity | $24.9M | -$5.9M | -$7.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$8.2M | -$3.9M | — |
| Depreciation and amortisation | $36.4K | $15.3K | — |
| Stock-based compensation | $6.1M | $0 | — |
| Capital expenditure | $150.8K | $0 | — |
| Investing cash flow | -$20.3M | -$1.3M | — |
| Financing cash flow | $26.1M | $10.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001062993-26-004648.
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