Overview
Shares of Starfighters Space Inc (NYSE American: FJET) rose 2.4% in premarket trading after the company disclosed an expanded collaboration with Mu-g Technologies and released its first quarter 2026 financial results. The operational agreement centers on joint activity related to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services, with flights based at the Midland International Air & Space Port.
Partnership and operational roles
Under the expanded arrangement, Starfighters will host Mu-g Technologies’ modified Dassault Falcon 50 parabolic aircraft at Starfighters’ Midland facility. The two companies plan to respond together to the NASA Armstrong RFI for Parabolic Flight Services. The collaboration is described as combining Mu-g’s microgravity research capabilities with Starfighters’ F-104 supersonic platform and flight operations infrastructure.
As part of the joint effort, Starfighters will supply ground support, chase plane services, data collection, and pilot integration to support Mu-g’s flight testing program at the Midland International Air & Space Port. The companies stated the alliance is intended to help address the current lack of commercial microgravity flight capability in North America.
Quarterly financial results
For the first quarter of 2026, Starfighters reported no revenue, the same as the comparable period in 2025. Operating expenses climbed 116% to $4.05 million, up from $1.88 million in the first quarter of 2025. Net loss for the quarter widened 61% to $4.27 million, compared with a loss of $2.65 million a year earlier.
Earnings per share for the period reflected a loss of $0.10, compared with a loss per share of $0.13 in the first quarter of 2025. Cash on hand declined to $1.40 million as of March 31, 2026, down from $4.58 million at December 31, 2025. Short-term investments totaled $13.21 million, a decrease from $15.27 million at the end of 2025.
Net cash used in operating activities was $3.96 million for the first quarter of 2026, compared with $1.67 million in the prior-year period.
Technical progress
In January, Starfighters completed wind tunnel testing of its STARLAUNCH 1 concept, assessing separation behavior at Mach 0.85 and Mach 1.3. The company reported that no adverse aerodynamic interactions were observed across all test conditions.
Takeaway
The company paired a strategic operational collaboration aimed at expanding commercial microgravity flight options in North America with quarterly results that show rising costs and a larger net loss year over year, while reporting reduced cash and short-term investment balances. Market reaction in premarket trading reflected a modest uptick in the company’s shares.