Starfighters Space (FJET) Shares Soar As Space Stocks Rebound
Starfighters Space Inc (NYSE:FJET) shares are trading sharply higher Wednesday. The move caps an 87% gain in the past week after the stock tumbled over 50% to start 2026.
Wednesday’s rally appears driven less by headlines and more by the stock finding technical support, potentially sparking short-covering and dip-buying as traders step back in.
- Starfighters Space stock is among today’s top performers.
Small Caps Lead Risk-On Rally
FJET's rebound is unfolding alongside firmer risk sentiment. The iShares Russell 2000 ETF is up around 1% Wednesday afternoon, signaling renewed appetite for small-cap and speculative growth names that were under pressure earlier in the month.
SpaceX IPO Chatter Weighed
Recently, reports that SpaceX may pursue a blockbuster IPO valued near $1.5 trillion pressured listed space stocks, as investors reserved capital for a potential listing and reassessed valuations across the group.
Going into Wednesday’s session, the space sector had seen steep one-month declines in peers such as AST SpaceMobile, Rocket Lab and Virgin Galactic.
Focus Returns To FJET Story
Despite that pressure, Starfighters' underlying story continues to draw interest. The company operates a fleet of F-104 Starfighter jets and plans to use the supersonic aircraft as a reusable first stage for its STARLAUNCH 1 air-launch system, targeting customers that need rapid, repeatable microgravity access.
With space stocks surging Wednesday afternoon, FJET's rebound suggests traders are betting the worst of the recent shakeout may be over and that the name has found near-term support.
Commercial Aerospace Leader At Kennedy
Starfighters Space is a commercial aerospace company based at NASA’s Kennedy Space Center in Florida. The company operates supersonic aircraft capable of sustained Mach 2 flight and configured to carry payloads to high altitudes for air launch to space.
Its activities include air launch operations, pilot and space flight training, support research, hypersonic testing and other aerospace development programs.
The company provides commercial space services and related aerospace capabilities, making it a significant player in the evolving space economy.
Strong Short-Term Momentum Signals
Currently, the stock is trading 28.3% above its 20-day simple moving average (SMA), indicating strong short-term momentum. Over the past 12 months, shares have increased 10.82%, and they are currently positioned closer to their 52-week highs than lows, reflecting a solid upward trend.
The RSI is at 49.25, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold at this time. Meanwhile, MACD is at -1.3558, below its signal line at -1.3140, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum, indicating that while the stock is performing well today, there may be underlying bearish signals to watch.
- Key Support: $9.00
FJET Stock Climbs Wednesday
FJET Price Action: Starfighters Space shares were up 34.45% at $9.60 at the time of publication on Wednesday.
Image: Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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