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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Starfighters Space (FJET) investor relations material
Starfighters Space Corporate Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate Presentation summary17 Dec, 2025
Business overview
Operates the only commercial fleet of F-104 Starfighters capable of MACH 2 flight and air-launching payloads into space.
Located at NASA's Kennedy Space Center, adjacent to major industry players.
Offers cost-effective, rapid, and flexible launch services for small satellites, with minimal R&D due to proven technology.
Current customers include Lockheed Martin, GE, Innoveering, Space Florida, and the U.S. Air Force Research Laboratory.
In process of acquiring an FAA launch license to expand operations.
Market opportunity
Over 38,000 satellites expected to be built and launched in the next decade, with 90% weighing 300kg or less.
Projected $100B+ in launch revenue over the next ten years.
Significant backlog in the small-sat market, with ~2,000 payloads awaiting launch.
Competitive positioning
Only commercial provider with sustained MACH 2 flight and air-launch capability.
U.S.-based launch site offers schedule control, legal protections, and rapid turnaround.
Launch costs estimated at $15,000–$22,000 per kg, competitive with or below industry peers.
Fuel costs are 10x lower and vehicles are 2x lighter compared to traditional rocket launches.
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