Overview
- Shares rose about 8% to $13.94 on Wednesday after a roughly 50% slide Tuesday, retracing part of Monday’s surge to intraday highs of $31.50.
- Trading since the Dec. 18 debut has swung between $5.99 and $31.50, reflecting a thin float and heavy retail activity.
- The IPO priced at $3.59 raised about $40 million, with proceeds earmarked for scaling operations.
- Monday’s move featured more than 36 million shares traded—roughly seven times the average volume—and gains reported above 200%.
- Starfighters operates F-104 supersonic jets from NASA’s Kennedy Space Center for air-launch and R&D services, counts GE Aerospace and Lockheed Martin as customers, and plans expansion to Midland, Texas with potential F-4 Phantom acquisitions; sector enthusiasm has been lifted by Rocket Lab’s $816 million SDA award and strength in peer stocks.