Starfighters Space Stock Leaps 40% on $17.5 Million Cash Deal
Starfighters Space Inc. shares rose to $7.20 Friday after announcing a $17.5 million private placement to fund its STARLAUNCH program. The company will sell 5.2 million shares at $3.35 each, with closing expected May 27. Starfighters reported no revenue and a $4.27 million net loss last quarter. The deal brings dilution risk for current shareholders.