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.

Pomerantz LLP is investigating potential claims on behalf of investors of Starfighters Space, Inc. concerning whether the company and certain of its officers and directors engaged in securities fraud or other unlawful business practices. This investigation follows the resignation of founder Rick Svetkoff and a subsequent sharp decline in the company's stock price. The firm joins Glancy Prongay Wolke & Rotter LLP, The Schall Law Firm, Johnson Fistel, PLLP, The Law Offices of Frank R. Cruz, and Law Offices of Howard G. Smith in scrutinizing the company's disclosures.

Starfighters Space operates a commercial fleet of flight-ready F-104 supersonic aircraft for the United States Armed Forces. The company completed its Regulation A initial public offering in December 2025, raising approximately $40 million through the sale of common stock at $3.59 per share. Its common stock began trading on NYSE American under the ticker symbol "FJET" on December 18, 2025.

On February 23, 2026, Starfighters Space announced that founder Rick Svetkoff resigned as Chief Executive Officer, President, Chairman, and Director. The company also disclosed that Brenda Svetkoff, Mr. Svetkoff’s spouse, resigned as corporate secretary. The Board appointed Tim Franta as Chief Executive Officer.

On February 25, 2026, Starfighters Space filed a Form 8-K disclosing additional information regarding the resignations. According to the filing, Mr. Svetkoff’s resignation letter indicated that his disagreement with the Board and the company related to the operations, policies, and practices of the company acting through the Board led to his decision to resign from all officer positions and as a director. The company further disclosed that Mrs. Svetkoff’s resignation letter similarly indicated that her disagreement with the Board and the company related to the operations, policies, and practices of the company acting through the Board led to her decision to resign as secretary. Starfighters stated that it "respectfully disagrees with the substance of and the assertions and characterizations that are contained in the resignation letters."

Following these disclosures, Starfighters Space’s stock price fell $1.18 per share, or 14.57%, over the following two trading sessions, to close at $6.92 per share on February 25, 2026. Investors who purchased Starfighters Space securities before December 2025 and suffered losses are encouraged to contact Pomerantz LLP, Glancy Prongay Wolke & Rotter LLP, The Law Offices of Frank R. Cruz, Johnson Fistel, PLLP, The Schall Law Firm, or Law Offices of Howard G. Smith to learn more about the investigations.

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