Starfighters Space (FJET)

4. CEO and Board Chair of Starfighters Space (NYSE: FJET — $342 million), Mr. Rick Svetkoff, resigned last week just three months after the company’s December 2025 IPO. His resignation letter stated, in part,

> “Over an extended period, I have developed serious concerns regarding the Board’s governance and oversight practices, including misallocation of limited corporate resources to matters which have no material benefit to the company, repeated disregard of established risk controls, a burdensome requirement that cumulative costs in excess of $50,000 on an annualized basis have prior board approval despite the fact that day-to-day operational costs often exceed this sum, making such operations a practical impossibility, the failure to respond adequately to credible compliance issues…”