Starfighters Space, Inc. Files Second Quarter 2026 Form 10-Q

The FAA proposed new rules allowing supersonic flight over land if sonic-boom overpressure stays below 0.11 PSF. Starfighters Space (FJET) CEO Tim Franta sees this as a positive signal for the industry. Boom Supersonic has demonstrated a boom-mitigation approach, but faces challenges in certification and economics. Analysts highlight financing and certification progress as critical factors for investors.

The global hypersonic technology market is projected to grow to $15.73B by 2030, with a 13.2% CAGR. Key players include Starfighters Space (FJET), Rocket Lab (RKLB), Kratos (KTOS), L3Harris (LHX), and Karman (KRMN). Starfighters entered an MOU with Vaya Defense to explore air-launch propulsion and testing, addressing constraints in hypersonic flight testing.

Starfighters Space (NYSE: FJET) said it was added to the Russell 3000 Index, effective when U.S. markets open June 29, 2026, following the first 2026 Russell reconstitution. The June review ranks up to 4,000 U.S. stocks by market cap as of April 30. Russell 3000 membership also brings inclusion in Russell 1000/2000 and related style indexes, expanding institutional visibility.

The article says capital is flowing into U.S.-listed space companies as SpaceX prepares its Nasdaq IPO. It cites Space Foundation data: the space economy nears $613B in 2024 and may exceed $1T by 2032. Starfighters (FJET) announced a $17.5M equity investment to advance STARLAUNCH, targeting a demo flight in 18–24 months. It also lists contract/backlog updates for Rocket Lab, Intuitive Machines, and Firefly.

Disney named Adam Smith chairman of its streaming business and Joe Earley president of Disney Entertainment Television Franchise and Content Strategy. Smith will oversee strategy and development for Disney's streaming platforms, including Disney+ and Hulu, as the company focuses on direct-to-consumer growth.

The U.S. approved a potential $24.3B sale of 48 Lockheed Martin F-35 fighter jets to Saudi Arabia, including engines and support equipment. The sale aims to bolster Saudi Arabia's defense capabilities and interoperability with U.S. forces, but faces objections from Israel. The deal is part of broader defense cooperation and Saudi Arabia's military modernization efforts under Vision 2030.