Starfighters Space Inc (NYSE: FJET) saw its stock price skyrocket by 290.88% during Monday's afternoon trading session, marking one of the most dramatic moves of the day.
The surge follows the company's recent IPO, which raised $40 million to fund its hypersonic R&D and satellite launch operations. The broader space sector is also experiencing a rally, with companies like Rocket Lab and Sidus Space posting significant gains. Market sentiment is further buoyed by potential IPOs for SpaceX and Blue Origin, as well as Google's interest in space-based computing.
FJET's rally reflects strong investor appetite for aerospace and space-related stocks, with the stock reaching a new 52-week high amid heavy trading volume.