Starfighters Space (FJET) investor relations material

Company overview and business model

• Operates the only commercial fleet of F-104 supersonic aircraft, providing specialized flight services and developing air-launch platforms for commercial, academic, civil, and government customers.

• Core focus is on hypersonic R&D, test and evaluation, and future air-launch services (StarLaunch I and II) for suborbital and orbital payloads.

• Based at Kennedy Space Center, Florida, with an additional base in Texas; plans for fleet expansion with newer aircraft.

• Generates other income from non-core services such as pilot training and equipment testing.

Financial performance and metrics

• No revenue generated from core business lines as of June 30, 2026; net losses of $15.7M for the six months ended June 30, 2026, and $16.5M for the year ended December 31, 2025.

• Operating expenses increased significantly due to stock-based compensation, legal, marketing, and public company costs.

• Cash and short-term investments totaled $28.1M as of June 30, 2026, with $2.4M in cash (including restricted cash).

• Material uncertainties exist regarding ability to continue as a going concern due to ongoing losses and restricted cash from litigation.

Use of proceeds and capital allocation

• $17.5M raised in May 2026 PIPE financing intended for operational expansion, infrastructure development, and advancement of the StarLaunch platform.

• Proceeds are not received from the resale of shares by selling stockholders; company bears registration costs.

• Significant capital investment required for R&D, fleet expansion, and regulatory compliance.