Added to YB: 2026-05-04
Pitch date: 2026-04-10
FJET [bearish]
Starfighters Space, Inc.
-10.04%
current return
Author Info
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Company Info
Starfighters Space, Inc. engages in the operation of a commercial fleet of flight-ready F-104 supersonic aircraft, Lockheed F-104 for the United States Armed Forces.
Market Cap
$257.1M
Pitch Price
$4.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
-16.33
P/E
-7.62
EV/Sales
N/A
Sector
Aerospace and Defense
Category
N/A
Starfighters Space: A 1950s 'Flying Coffin' Masquerading as the Next SpaceX, Led by Vancouver Stock Promotion Network
FJET (short): Fortuna-led zero-rev vaporware w/ no rocket, no engineers, no R&D (3 yrs $0 spend), posing as next SpaceX. Vancouver stock promoter Parmar has 12+ collapsed/delisted cos (cannabis, crypto, cobalt) same playbook: cheap equity pre-IPO, install affiliates, paid promo. Insiders got 15M warrants @$0.33 (91% discount to $3.59 IPO), cashless exercised 11.7M @$16.46 VWAP=$192M payday 4 days post-IPO. 4th failed air-launch attempt since 2011; FAA docs show 'air launches NOT authorized.' Rocket renderings are $2.90 Shutterstock stock art. Tsiolkovsky equation analysis w/ SpaceX-level assumptions shows F-104 can deliver 28kg vs claimed 100kg (72% miss). Virgin Orbit ($1B), Stratolaunch, DARPA/Boeing all failed w/ far superior carriers. Founder Svetkoff resigned citing 'misallocation of resources.' CEO has English degree, zero aerospace exp; CFO from bankrupt film studio. Burning $15M/yr w/ $25M cash, no employees, missing all milestones since '22. Risks: 6.6M warrants unlock Jun '26, auditor PCAOB sanctioned, material weakness in controls.
Read full article (41 min)