Starfighters Space, Inc.

Starfighters Space, Inc. announced that Adeptus Partners, LLC resigned as its independent registered public accounting firm, effective July 9, 2026. The company is actively searching for a successor. While Adeptus's previous reports for 2024 and 2025 did not contain adverse opinions, they did include an explanatory paragraph concerning substantial doubt about the company's ability to continue as a going concern. The company confirmed there were no disagreements on accounting principles or practices, nor any reportable events leading to the resignation.

Starfighters Space, Inc. (FJET) has filed an S-1 registration statement for the resale of up to 5,223,879 shares of common stock by selling stockholders, who are PIPE Investors. These shares were acquired on May 22, 2026, at $3.35 per share. The company will not receive any proceeds from this resale, which is being conducted to fulfill registration rights. The filing highlights that the selling stockholders acquired the shares at a price below the current trading price of $8.14 (as of June 8, 2026), potentially creating an incentive for sales at lower prices. The company also disclosed significant net losses in recent periods, raising concerns about its ability to continue as a going concern.

Starfighters Space, Inc. announced a strategic equity investment of approximately $17.5 million through a private placement with institutional investors. The company will issue 5,223,879 shares of common stock at $3.35 per share, with the proceeds earmarked for operational expansion, infrastructure development, and the advancement of its STARLAUNCH platform. The transaction, expected to close around May 27, 2026, includes lock-up agreements for officers and directors and a commitment to file a registration statement for the resale of the shares.

Starfighters Space, Inc. reported a net loss of $4.27 million for the first quarter of fiscal year 2026, a 61% increase from the prior year, with operating expenses rising 116% to $4.05 million. The company maintained nil revenue for the quarter and saw its cash balance decrease to $1.40 million. Key operational updates included the completion of STARLAUNCH 1 wind tunnel testing and the appointment of Tim Franta as CEO and Jose Arias as VP, Space Operations.

Starfighters Space, Inc. reported a widened net loss of $4.27 million for the three months ended March 31, 2026, compared to $2.65 million in the prior year, driven by significantly higher operating expenses and a loss from misappropriation of assets. The company also disclosed substantial doubt about its ability to continue as a going concern, citing a history of losses and dependence on future financing. This period also saw a significant decrease in cash and the conversion of convertible debentures into common shares following its IPO in December 2025, alongside a change in CEO and ongoing disputes with the former CEO.

Starfighters Space, Inc. announced the appointment of Jose Arias as its new Vice President, Space Operations, effective May 11, 2026. Mr. Arias brings extensive experience from Blue Origin, where he supported launch vehicle operations and propulsion system integration. In his new role, he will lead all spaceflight operations and oversee aerospace system production and testing. His compensation package includes an annual base salary of $190,000, a $20,000 sign-on bonus, eligibility for a performance bonus, and a grant of 150,000 stock options.

Starfighters Space, Inc. (FJET) has filed its annual Form 10-K report for the fiscal year ended December 31, 2025. The company confirmed its compliance with all required SEC filings over the past 12 months. FJET is categorized as a non-accelerated filer, a smaller reporting company, and an emerging growth company.

Richard "Rick" Svetkoff, former CEO of Starfighters Space, Inc., has filed a lawsuit against the company, its current CEO, and board members. The complaint, filed on April 9, 2026, alleges breach of fiduciary duty, including self-dealing and mismanagement of assets, and seeks damages exceeding $26 million. Svetkoff also seeks equitable relief, such as the removal of certain directors.

Starfighters Space, Inc. is facing a lawsuit filed by its former CEO, President, and Executive Chairman, Richard "Rick" Svetkoff. The complaint, filed on April 9, 2026, in Florida, alleges breach of fiduciary duty, self-dealing, and mismanagement of assets against the company, its current CEO, and board members. Mr. Svetkoff is seeking damages exceeding $26 million and equitable relief, including the removal of certain directors. This legal action follows Svetkoff's voluntary resignation in February 2026 and subsequent removal from subsidiary officer and director roles by the company.