Starfighters Space Inc. (NYSE American: FJET) announced a $17.5 million strategic equity investment led by global institutional investors, according to a company statement.

The space company plans to use the capital for operational expansion, infrastructure development, and advancement of its STARLAUNCH platform, including launch readiness initiatives and mission execution capabilities.

"This financing represents a strong endorsement of our platform and long-term strategy," said Tim Franta, Chief Executive Officer of Starfighters Space. "With the STARLAUNCH platform defining our path to space, this capital allows us to accelerate execution, expand operational capabilities, and position the Company to meet growing commercial demand for responsive space access."

The company operates what it describes as the world's only commercial fleet of flight-ready MACH 2+ supersonic aircraft from NASA's Kennedy Space Center in Florida. Starfighters Space completed its IPO in December 2025.

Recent completion of wind tunnel testing for STARLAUNCH I validated key system dynamics and reduced technical risk, enabling progression toward flight testing and commercial mission activity, the company stated.

Near-term milestones include continued STARLAUNCH I mission activity and STARLAUNCH II development with a targeted space demonstration flight timeline over the next 18 to 24 months, subject to regulatory approvals and program execution.

The transaction is expected to close on or about May 27, 2026, subject to customary closing conditions. Cantor is serving as exclusive placement agent, with DLA Piper LLP serving as legal advisor to Cantor and McMillan LLP serving as legal advisor to Starfighters Space.

The securities to be sold in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.