CAPE CANAVERAL, Fla., January 3, 2025 — Starfighters Space, Inc. (“Starfighters” or the “Company”) which operates the world’s only commercial fleet of aircraft capable of sustained MACH 2 flight and airborne supersonic payload launch, concluded 2024 with a series of milestones underscoring its growth and resounding aerospace industry impact.
Key Highlights:
- Expanded operations from its Kennedy Space Center hub to a second facility at the Midland International Air & Space Port in Texas
- Advanced key hypersonic testing and Star Launch platform initiatives
“For Starfighters, 2024 was a decisive year,” said Rick Svetkoff, CEO. “Our expansion to Midland and progress on key programs like Star Launch and the Hypersonic and High-Cadence Testing or “HyCAT” initiative have set us up for sustainable growth and long-term value, not only for our space industry partners and clients, but also our shareholders. Today, Starfighters is uniquely positioned to meet increasing demand in both hypersonic research and space access technologies.”
2024: A Year of Strategic Growth
In October, Starfighters announced its expansion to the Midland International Air & Space Port, marking its second operational hub. The new facility enhances geographic diversification and supports the development of the proposed “High Speed Airspace Corridor,” which will provide a critical infrastructure for advancing hypersonic research and defense applications across the continental U.S. The Midland International Air & Space Port has announced that it will host at least $78 million in capital assets and equipment at Starfighters Space’s location in a new construction hangar to be built and owned by Midland Development Corporation.
Additionally, Starfighters also expanded at the Kennedy Space Center during 2024 where it has acquired additional office and hangar space. This space will be used for testing and evaluations in both the launch and hypersonic programs. These programs will first occur at the Kennedy Space Center, the home base of Starfighters.
Meanwhile, Starfighters made significant progress on its two Star Launch programs. The Company successfully completed its captive-carry testing and is moving forward with its Star Launch I Program, scheduling two drop tests for 2025. These drop tests represent a major physical test hurdle for the Star Launch I program’s development and are scheduled to be followed by a review and authorization to launch. Achieving this milestone is expected to position Starfighters to demonstrate operational readiness for payload deployment missions, while targeting small payload launches into sub-orbital space, and later, low-Earth orbit.
The Starfighters team also initiated development of its Star Launch II program, which is designed to expand payload capacity, better catering to rapidly growing market demands. Many systems on Star Launch I are slated for use in Star Launch II. These advancements come as the global rocket and missile market is projected to reach $85.2 billion by 2029, up from $62.5 billion this year, which underscores robust demand for innovative space access solutions.
Additionally, the Company continued to expand its partnerships, moving to the second phase of the HyCAT initiative, which is a hypersonic and high-cadence operational testing program for the Defense Innovation Unit (DUI). Starfighters is subcontracted through Innoveering, LLC, a subsidiary of General Electric Company, and indirectly for federal agencies such as the Department of Defense. These arrangements underscore the growing recognition of Starfighters’ capabilities in hypersonic testing and payload delivery.
In other areas of focus, Starfighters achieved a financial milestone with the completion of a Public Company Accounting Oversight Board audit of its fiscal years ended December 31, 2023 and 2022, which assisted the Company with its Regulation A Tier 2 offering. This was complemented by the appointment of Mr. David Whitney as CFO, who brings to bear his expertise in strategic financial planning and the capital markets industry.
Looking Ahead
Starfighters embarks upon 2025 with a well-charted path, ready to capitalize on the surging demand for added hypersonic research solutions and greater space access.
This aligns well with projections that the small satellite market will nearly double over the upcoming five years, likely reaching $11.2 billion, as estimated by a Research and Markets Report.
Further highlighting this projection were the incoming administration’s recent actions indicating a strong commitment to advancing U.S. space exploration and commercial activities. Notably, the nomination of tech entrepreneur and astronaut, Jared Isaacman, as NASA’s new leader, suggests that the incoming administration aims to foster a more commercially driven space sector, potentially enhancing the space economy through increased private-sector involvement and public-private partnerships.
With an expanded operational footprint, a strengthened team, and an evolving suite of technologies, Starfighters remains committed to driving space innovation and delivering value to stakeholders.
For more information, visit www.starfightersspace.com or follow Starfighters on social media for updates.
About Starfighters Space, Inc.
Starfighters Space, Inc. is the only commercial company in the world with the capability to fly at sustained MACH 2 and with the capability to launch payloads to space. Starfighters Space is an organization committed to participating in high-demand commercial space activities. Located at the NASA Kennedy Space Center in Florida, the Company operates a growing fleet of modified supersonic aircraft operationally configurable to act as the first stage lifting platform to carry payloads up to 45,000 feet for air launch to space. Additional activities include support research, pilot training, space flight training, and advanced scientific efforts including hypersonic testing as part of air launch partner development programs. Starfighters Space is working to position its capability to become the most cost-effective launch provider in the sector. For more information visit: https://starfightersspace.com/
Contact:
Starfighters Investor Relations
Tel: +1 321-261-0900
info@starfightersspace.com
www.starfightersspace.com
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. We have based these forward-looking statements on information currently available to the Company, assumptions the Company believes are reasonable and our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to, the ability to obtain the necessary permits and approvals to operate, the Company’s ability to develop new products and/or services, the approval of the Company’s application for a launch license and the timing thereof, the Company’s expansion to Midland, Texas, the adoption by the market of the Company’s method of satellite deployment, the Company’s continued business arrangements, market trends and competition in the Company’s industry, the future diversification of the Company’s revenue streams and the assumptions underlying any of the foregoing, and other factors discussed in the Company’s filings with the Securities and Exchange Commission under Regulation A. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effect on, the Company. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements contained in this news release are made only as of the date hereof. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the Company’s securities.
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