Bragar Eagel & Squire, P.C. is investigating potential claims against Starfighters Space, Inc. on behalf of stockholders, focusing on possible violations of federal securities laws and other unlawful business practices. The investigation follows significant corporate governance changes and a sharp decline in the company's stock price, which may have resulted in financial losses for investors.

On February 23, 2026, Starfighters Space announced the resignation of founder Rick Svetkoff as Chief Executive Officer, President, Chairman, and Director. Brenda Svetkoff, Mr. Svetkoff's spouse, also resigned as Company secretary. The Board appointed Tim Franta as Chief Executive Officer. Subsequently, on February 25, 2026, Starfighters Space filed a Form 8-K disclosing additional details regarding the resignations.

According to the filing, Mr. Svetkoff's resignation letter cited disagreements with the Board and the Company regarding operations, policies, and practices as the reason for his departure. Mrs. Svetkoff's resignation letter similarly indicated her disagreement with the Board and the Company's operations, policies, and practices. Starfighters Space stated it "respectfully disagrees with the substance of and the assertions and characterizations that are contained in the resignation letters."

Following this news, Starfighters Space's stock price fell $1.18 per share, or 14.57%, over the next two trading sessions, closing at $6.92 per share on February 25, 2026. The table below summarizes the key events and their impact:

Bragar Eagel & Squire, P.C. is encouraging investors who purchased or acquired Starfighters Space shares and suffered losses to contact the firm. Partners Brandon Walker and Melissa Fortunato are available to discuss legal rights and potential claims. There is no cost or obligation for the consultation.

Investors can reach Bragar Eagel & Squire, P.C. by email at investigations@bespc.com or by telephone at (212) 355-4648. The firm, with offices in New York, South Carolina, and California, represents individual and institutional investors in securities, derivative, and commercial litigation.

Starfighters Space, Inc. (NYSE: FJET) welcomed the Federal Aviation Administration's (FAA) proposed rule to modernize how civil supersonic flight over land is regulated in the United States. The proposal aims to replace longstanding speed-based restrictions with a performance-based certification framework that reflects advances in aircraft technology and noise mitigation. This regulatory shift could significantly expand future opportunities for commercial high-speed flight testing, space research, and future spaceflight operations.

The FAA's proposal represents a move toward replacing decades-old flight regulations with a modern approach based on measurable ground-level sonic overpressure rather than a blanket prohibition on civil supersonic flight. The intended framework is designed to encourage innovation while maintaining public safety and environmental standards. Starfighters Space currently conducts authorized supersonic flight operations under existing regulations and believes a modernized framework would create new opportunities for commercial customers seeking real-world high-speed flight environments for research, technology development, training, testing, and validation.

"As the operator of the world's only commercial fleet of flight-ready Mach 2+ aircraft, we view this proposal as an important milestone for the future of high-speed aviation," said Tim Franta, CEO of Starfighters Space. "We commend the Administration and the FAA for advancing policies that encourage American space innovation while maintaining a strong commitment to safety."

The proposal arrives as the space industry explores commercial supersonic and hypersonic flight-test capabilities, including concepts for dedicated test corridors over sparsely populated regions. Areas such as those surrounding Midland International Air & Space Port in West Texas are potential locations. If developed, such a corridor could expand access to inland air-launch of orbital payloads and high-speed flight testing for commercial space companies, government agencies, universities, and defense organizations.

Starfighters Space intends to participate in the FAA's public rulemaking process. The company believes performance-based regulations can support continued innovation while preserving the highest standards of public safety. Starfighters Space operates from NASA’s Kennedy Space Center in Florida and at the Midland Air and Space Port in Texas, maintaining the world’s only commercial fleet of flight-ready F-104 supersonic aircraft capable of sustained Mach 2+ operations. The company is advancing STARLAUNCH, its responsive airborne launch platform designed to support commercial, government, research, and national security-related missions.