New Aerospace Stock, Up 110% This Week, Lands Support From GE Aerospace

2026-02-20 16:27:05

Shares of newly-public aerospace player Starfighters Space rebounded more than 100% this week. The stock swung between a gain and a loss Friday after Starfighters announced it would move forward with a key review for its StarLaunch program, with the support of GE Aerospace (GE).

Starfighters Space (FJET) owns and operates what it claims is the largest commercial fleet of supersonic aircraft, which consisted of seven Lockheed Martin (LMT) F-104 Starfighters as of December.

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The company on Friday said it was beginning the Critical Design Review for its StarLaunch program, which uses the F-104s to carry and deploy small payloads and satellites into orbit at up to Mach 2 speed.

GE Aerospace is supporting the review phase of the program, which comes after Starfighters in late January completed wind tunnel testing for the StarLaunch 1 rocket design. GE Aerospace previously supported StarLaunch development through engineering work and flight test activities. Starfighters said GE during the next phase will “strengthen program discipline and accelerate risk reduction.”

The two-week CDR is expected to provide an integrated review of the system’s design ahead of full-scale fabrication and formal test execution.

The company plans to develop the StarLaunch 1 as a suborbital vehicle to support short microgravity missions and serve as a pathfinder for future air-launched concepts. Founded in 1995, Starfighters offers hypersonic testing services, advanced pilot training, as well as scientific research opportunities.

In addition to GE Aerospace, Starfighters has partnerships with major industry players like Lockheed Martin and the U.S. Air Force Research Laboratory.

Starfighters Space Stock Bounces

FJET stock rallied 110% this week, rebounding strongly from its Feb. 12 low of 4.51. Shares swung broadly Friday, ranging from a 4% decline to an 8% gain on MarketSurge charts.

Starfighters completed its IPO in December and raised $40 million at a public offering price of $3.59 per share.

The stock peaked at 31.50 on Dec. 22, but quickly surrendered those gains and has since been in a downtrend. Due to the volatile nature of IPO stocks, investors should wait for the stock to form an IPO base.

You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison.

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