Starfighters Space, Inc.’s (NYSEAMERICAN:FJET) Lock-Up Period Set To Expire on June 16th

Starfighters Space’s (NYSEAMERICAN:FJETGet Free Report) lock-up period is set to expire on Tuesday, June 16th. Starfighters Space had issued 11,142,061 shares in its IPO on December 18th. The total size of the offering was $39,999,999 based on an initial share price of $3.59. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Starfighters Space Stock Performance

Shares of NYSEAMERICAN:FJET opened at $8.14 on Tuesday. Starfighters Space has a 12 month low of $4.39 and a 12 month high of $31.50. The firm’s 50-day moving average price is $6.16.

Hedge Funds Weigh In On Starfighters Space

Several hedge funds have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC grew its holdings in Starfighters Space by 36.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock valued at $81,000 after purchasing an additional 3,660 shares during the last quarter. Jane Street Group LLC bought a new position in Starfighters Space during the 4th quarter valued at about $151,000. Cerity Partners LLC bought a new position in Starfighters Space during the 4th quarter valued at about $718,000. Finally, Goldman Sachs Group Inc. bought a new position in Starfighters Space during the 4th quarter valued at about $1,322,000.

Starfighters Space Company Profile

(Get Free Report)

The Company’s mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world’s only commercial fleet of flight-ready F-104 supersonic aircraft (“Lockheed F-104”). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.

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