FJET
INSIDER SELLSTARFIGHTERS SPACE, INC.
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
NegativeStarfighters Space experienced severe financial deterioration in Q2 2026, with net losses quintupling to $11.5M and SG&A costs tripling year-over-year, while simultaneously facing a federal securities investigation tied to executive resignations and a major insider sale by a 10% shareholder. Despite technical progress on the STARLAUNCH air-launch program and hypersonic testing platform, the company's stock has collapsed 95% from its December 2025 peak of $31.50, trading near $1.40–$1.50.
Red flags
- •Net loss increased 493% YoY ($11.5M vs. $1.9M) in Q2 2026
- •SG&A expenses tripled YoY ($6.4M vs. $2.0M) despite no evident revenue growth
- •Federal securities investigation by Johnson Fistel regarding executive resignation disclosures
- •10% shareholder director Richard Svetkoff sold 1.05M shares for $7.2M (May–August 2026), signaling potential loss of confidence
- •Stock price collapsed 95% from $31.50 (Dec 2025) to ~$1.40–$1.50 (recent)
- •Executive pay increases approved September 28, 2026 despite shareholder losses and financial distress
- •Substantial shareholder dilution: 54.996M shares outstanding as of August 2026
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Svetkoff Richard William | — | SELL | 30K | $3.95 | $0.12M | 2026-08-04 | ↗ |
| Svetkoff Richard William | — | SELL | 95K | $10.24 | $0.97M | 2026-06-04 | ↗ |
| Svetkoff Richard William | — | SELL | 223K | $8.55 | $1.91M | 2026-06-01 | ↗ |
| Svetkoff Richard William | — | SELL | 50K | $7.50 | $0.38M | 2026-05-26 | ↗ |
| Svetkoff Richard William | — | SELL | 329K | $6.39 | $2.10M | 2026-05-22 | ↗ |
| Svetkoff Richard William | — | SELL | 60K | $5.15 | $0.31M | 2026-05-21 | ↗ |
| Svetkoff Richard William | — | SELL | 14K | $5.21 | $0.07M | 2026-05-20 | ↗ |
| Svetkoff Richard William | — | SELL | 75K | $5.21 | $0.39M | 2026-05-15 | ↗ |
| Svetkoff Richard William | — | SELL | 100K | $5.46 | $0.55M | 2026-05-11 | ↗ |
| Svetkoff Richard William | — | SELL | 75K | $5.72 | $0.43M | 2026-05-08 | ↗ |
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Citadel Advisors | SC 13G | NEW | 6.3% | -36.8% vs SPY -38.0% abs | 2026-10-06 | ↗ |