Starfighters Space, Inc. stock (NYSE American: FJET) delivered one of the most dramatic moves in the U.S. market on Monday, December 22, 2025—then gave back a meaningful chunk of those gains after the closing bell.
The company’s shares finished the regular session at $31.50, capping a +370.85% gain on the day amid explosive volume and repeated volatility pauses. [1]
But in after-hours trading, the stock reversed sharply, with quotes showing FJET down roughly 20%–24% at various points in the evening. [2]
Below is a detailed breakdown of today’s key news, the filings that matter, what the tape was signaling after hours, and the specific risk-and-catalyst checklist traders and investors should keep in mind before the market opens Tuesday, December 23, 2025.
What happened to Starfighters Space (FJET) stock today
FJET’s move on December 22 was essentially a “momentum + new listing + low-liquidity” event.
Investor’s Business Daily described the stock as “going supersonic” on its third trading day after listing, as traders piled into the newly public aerospace/space name. [6]
That kind of one-day percentage move is unusual for any established stock—but it’s more common in the earliest days of trading for brand-new listings when the shareholder base, available float, and price discovery process are still stabilizing.
FJET after-hours trading: why the stock dropped after the bell
After the market close, the tone shifted from “chase” to “cash out.”
After-hours data showed Starfighters Space as one of the session’s notable after-hours decliners, with one snapshot listing $24.02—down 23.75% from the $31.50 close. [7]
Another widely circulated quote earlier in the evening showed FJET around $25.41 in after-hours trading (about -19%) before sliding further. [8]
Why that matters before Tuesday’s open:
- After-hours liquidity is thinner. It often takes less volume to move price significantly.
- Bid/ask spreads can widen dramatically in newly listed, high-volatility names.
- Profit-taking is common after a multi-hundred-percent day—especially in a stock that has already shown large intraday swings.
In practical terms, Tuesday’s opening range could be shaped as much by overnight positioning and order imbalances as by any new headline.
Why Starfighters Space is suddenly on traders’ radar
Starfighters Space is an aerospace company operating a commercial fleet of flight-ready Lockheed F-104 supersonic aircraft, and it is developing an air-launch concept through its STARLAUNCH program. [9]
In company communications tied to its listing, Starfighters positioned itself as:
- Owner/operator of the “world’s largest commercial supersonic aircraft fleet,” operating out of NASA’s Kennedy Space Center [10]
- Focused on scaling operations and advancing development of STARLAUNCH I and STARLAUNCH II, described as programs aimed at sub-orbital launches of small satellites and payloads [11]
Whether or not investors ultimately validate that long-term story, the near-term trading reality is simpler: FJET is a newly listed ticker that became a momentum magnet in a market environment already sensitive to aerospace/space-sector headlines and “theme” trades. [12]
The filing investors should know about from today: Starfighters’ Dec. 22 Form 8‑K
If you only read one primary document before Tuesday’s open, it’s the company’s Form 8‑K filed December 22, 2025, covering events around the final closing of its Regulation A offering and related equity issuance. [13]
Key points disclosed:
1) Final closing of the Regulation A offering
Starfighters reported that on December 17, 2025, it completed the final closing of its Regulation A Tier 2 offering, selling 6,145,364 shares at $3.59 for gross proceeds of ~$22.1 million (before commissions/fees). [14]
2) Agent warrants
In connection with that final closing, the company issued 61,402 agent’s warrants exercisable at $3.59 through September 6, 2029. [15]
3) Debt conversion into shares upon listing
The 8‑K also states that on December 18, 2025, the company issued 3,834,857 common shares at $2.154 per share via automatic conversion of outstanding 8% secured convertible debentures upon listing. [16]
4) Space Florida conversion
Also on December 18, 2025, the filing says the company issued 404,312 common shares at $3.59 per share to Space Florida upon conversion of a loan tied to its subsidiary. [17]
Why this matters for Tuesday: filings like this help investors understand how shares entered the system, what types of securities exist (shares, warrants), and the potential mechanics that can influence float, supply, and volatility in the first weeks of trading.
Trading was repeatedly paused in FJET on Dec. 22 — here’s what that signals for tomorrow
The day’s action was volatile enough to trigger multiple volatility pauses (Limit Up/Limit Down-style pauses) in FJET during regular trading hours.
Cboe’s halt data lists several volatility pauses for FJET on 12/22/2025, including at:
- 09:39:42 ET (resume 09:44:42)
- 09:45:57 ET (resume 09:50:57)
- 14:43:33 ET (resume 14:48:33)
- 15:56:53 ET (resume 16:00:00) [18]
What this means heading into Tuesday’s open:
- The stock has already demonstrated price movement large enough to repeatedly trip volatility controls.
- If FJET opens with a large gap up or down, volatility pauses can reappear quickly—especially in the first 30–60 minutes.
- Traders should be prepared for “air pockets” (rapid drops) and “vertical spikes” (rapid rallies), with pauses interrupting execution.
Forecasts and technical outlook: what indicators are implying into the next session
Because FJET is brand-new, traditional Wall Street coverage (full analyst models, target prices, multi-quarter guidance frameworks) can be limited early on. One of the few “forecast-like” lenses available immediately is technical/market-structure analysis.
As of an Investing.com technical update timestamped Dec. 23, 2025 (03:12 AM GMT)—which corresponds to late Dec. 22 in the U.S.—FJET’s daily technical summary was listed as “Strong Buy.” [19]
But the same page also shows a key warning sign:
An “overbought” RSI doesn’t mean a stock must fall—momentum names can remain overbought longer than expected. But going into Tuesday’s open, it does underscore a core reality: FJET is trading like a high-momentum instrument where reversals can be sudden and sharp, particularly after a parabolic day and an after-hours pullback. [22]
The under-the-hood factor: liquidity, resale restrictions, and why “float math” matters here
In addition to the day’s headlines and hype, Starfighters’ filings describe contractual resale restrictions that can influence how quickly liquidity expands.
A company prospectus document included in the Dec. 22 filing set describes a pooling agreement that contractually restricts certain officers, directors, and some pre-offering securityholders from selling “pooled securities” for 180 days following the listing date, subject to specific early-release conditions tied to price/volume thresholds. [23]
The same document also lists beneficial ownership figures and shares outstanding “as of the date of this Prospectus,” including an entry showing the CEO holding 14,170,000 shares (50.86%) based on 27,862,261 shares outstanding at that time. [24]
Why you should care before Tuesday’s open:
- Early in a listing, tight float + surging demand can produce dramatic squeezes upward.
- But if the market believes more shares could become available sooner than expected (or if traders simply anticipate supply), that can amplify downside volatility as well.
- Add in warrants, conversions, and the rapid price increase, and you get a setup where price can detach from fundamentals in the short run—then reattach violently.
This isn’t a prediction of direction. It’s a description of the trading environment the stock has already demonstrated.
Broader context: today’s “space trade” momentum is not just about FJET
Some of the commentary today framed FJET’s surge as part of broader risk-on appetite for space and aerospace-linked names.
For example, Benzinga noted FJET’s rally alongside other space-sector momentum, citing strong moves in Rocket Lab and Sidus Space tied to separate catalysts. [25]
That context matters going into Tuesday because FJET may trade not only on its own company-specific filings, but also on:
- Sympathy moves in other space tickers
- Retail momentum flows
- Any incremental “space economy” headlines that hit overnight or premarket
What to know before the market opens Tuesday, Dec. 23, 2025
Here’s the practical checklist that matters most for the next session:
1) Watch the after-hours-to-open “gap”
FJET went from $31.50 at the close to ~$24–$25 after hours in some data snapshots. [26]
If that weakness holds into the open, the first key question becomes: does buying step in quickly, or does the opening print accelerate the selloff?
2) Expect volatility pauses to remain in play
FJET saw multiple volatility pauses today. [27]
If premarket price discovery is disorderly—or if the open triggers fast prints—pauses can return.
3) Re-check filings and official company communications
Today’s 8‑K is central because it details share issuances, conversions, and offering mechanics. [28]
Before the bell, traders should watch for any follow-on SEC filings or additional press releases (even routine ones) that could be interpreted as “new information” in a momentum-driven tape.
4) Respect the holiday-week liquidity factor
Christmas week often brings thinner liquidity, and Christmas Eve is typically an early close for U.S. stock markets. [29]
Thin liquidity can exaggerate both rallies and selloffs—especially in volatile, newly listed names.
5) Know what you’re actually trading: a story stock in price discovery
Starfighters describes ambitious development programs (STARLAUNCH I/II) and expansion plans, but those are forward-looking items and can take time to validate in operating results. [30]
In the near term, FJET is trading like a price-discovery + momentum situation.
Bottom line for FJET stock heading into Tuesday
Starfighters Space (FJET) ended December 22 with a headline-making surge—then showed meaningful profit-taking after hours, setting up a potentially volatile open on December 23.
For anyone following the name into the next session, the most important “need-to-know” items are straightforward:
- Price action is extreme (up ~371% in the regular session, then down sharply after hours). [31]
- Volatility controls have already been triggered repeatedly. [32]
- Today’s 8‑K provides essential context on the Reg A close, share issuances, and conversions that can shape float dynamics. [33]
- Technical readings show “Strong Buy” but also “Overbought” conditions, consistent with a momentum tape that can reverse quickly. [34]
If you want, I can rewrite the same piece in a tighter “wire style” (shorter paragraphs, more breaking-news cadence) while keeping it Google News/Discover-friendly and still fully sourced.
References
1. research.investors.com, 2. research.investors.com, 3. research.investors.com, 4. research.investors.com, 5. research.investors.com, 6. www.investors.com, 7. stockanalysis.com, 8. research.investors.com, 9. www.reuters.com, 10. www.sec.gov, 11. www.sec.gov, 12. www.benzinga.com, 13. www.sec.gov, 14. www.sec.gov, 15. www.sec.gov, 16. www.sec.gov, 17. www.sec.gov, 18. www.cboe.com, 19. www.investing.com, 20. www.investing.com, 21. www.investing.com, 22. www.investing.com, 23. www.sec.gov, 24. www.sec.gov, 25. www.benzinga.com, 26. stockanalysis.com, 27. www.cboe.com, 28. www.sec.gov, 29. www.kiplinger.com, 30. www.sec.gov, 31. research.investors.com, 32. www.cboe.com, 33. www.sec.gov, 34. www.investing.com
