This supersonic stock is making headlines after a wild IPO. Here’s why

Starfighters Space's stock experienced significant volatility after its recent IPO, with its price plummeting on Tuesday after a surge on Monday. The company, trading under the ticker FJET, saw its shares drop dramatically after a previous impressive gain. Starfighters Space completed its $40 million IPO last week, with shares initially priced at $10. The stock reached a peak before experiencing a decline later in the week. The company, based in Florida, operates the world's only commercial supersonic aircraft fleet, consisting of Lockheed F-104 Starfighters. Starfighters Space is developing a StarLaunch program to deploy satellites and offers training and testing services. Founded in 2022, the company serves various customers, including government and private entities. The company's approximate market capitalization was around $395 million at the time of the article. The CEO highlighted growing investor interest in the company's aerospace capabilities.