STARFIGHTERS SPACE Business Summary

Starfighters Space Inc. (FJET) operates as a specialized aerospace and defense firm utilizing the world’s largest commercial fleet of flight-ready F-104 Starfighter supersonic aircraft to provide high-cadence air-launch and testing services. The company generates revenue through three primary segments: the STARLAUNCH program for small satellite orbital delivery, hypersonic flight-testing (marketed as a "Wind Tunnel in the Sky"), and advanced pilot and astronaut training for government and commercial clients. While currently in a pre-revenue phase as of Q1 2026, the company leverages its unique regulatory moat at NASA’s Kennedy Space Center to offer a low-cost, flexible alternative to traditional vertical launch systems. In the competitive landscape, Starfighters positions itself as a niche infrastructure provider alongside heavy-lift and small-sat competitors such as SpaceX (SPCX), Firefly Aerospace, and Voyager Technologies, while also competing with HEICO Corporation in the specialized aerospace modification and testing market. Leadership is currently spearheaded by CEO Tim Franta, who assumed the role in February 2026 following the resignation of founder Rick Svetkoff; Franta previously served as Chief of Staff for the Florida Space Authority and was instrumental in drafting the Florida Space Transportation Act. The executive team was significantly bolstered in mid-2026 with the appointments of Vice President of Space Operations Jose Arias and Director of STARLAUNCH Operations Catrina L. Medeiros, both of whom joined from Blue Origin’s New Glenn program to scale mission execution. The company’s strategic direction is further supported by a Strategic Advisory Board led by inaugural member Frederick D. Gregory, a retired NASA astronaut and former NASA Deputy Administrator. Following a $17.5 million private placement led by Cantor Fitzgerald in May 2026 and its subsequent inclusion in the Russell 3000 Index, the company continues to transition from a demonstration-based model to sustained commercial operations under the guidance of Director Sean Bromley and CFO David Kirk Whitney.