Orbital Launch Revolution - America's Real Top Gun - CORPORATE PRESENTATION 2023 - Starfighters Space
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Orbital Launch
Revolution
America’s Real Top Gun
CORPORATE
PRESENTATION
2023
OVERVIEW
We operate a fleet of F-104
Starfighters and will be the
only commercial company
in the world that can fly at
MACH 2 while launching
payloads into space.
STARFIGHTERS SPACE . CORPORATE DECK . 2023 2
OVERVIEW
• Located at NASA’s Kennedy Space Center
in Florida alongside SpaceX, Blue Origin and United Launch Alliance
• Fleet of seven F-104 fighterjets - only commercial fleet in the world
• F-104 acts as a reusable first-stage air launching payloads at
45,000 feet to space at sustained MACH 2
• Hypersonic testing as part of air launch partner development
program
• Market ready with minimal R&D time given proven propulsion
technology
• Commercial fee of ~$15,000/kg at scale - we aim to be one of the
most cost effective launch providers for small payloads*
• Current customers include Lockheed Martin, GE, Innoveering, Avio,
Meggitt, NASA and the U.S. Air Force Research Laboratory
*In process of acquiring launch license with FAA. STARFIGHTERS SPACE . CORPORATE DECK . 2023 3
MARKET DATA
Space – the next 14x Increase From 2020 - 20291
38,000+ satellites to be built and launched over the next decade.
frontier for investors:
Starfighters Space 5,710 cumulative
satellites launched
~90% of satellites to be launched
over the next decade weigh
$100B+ in launch
revenue over the
is poised to service since 20101 300kg or less2 next decade3
one of the largest 45,000
Today 14,746
growing economies.
40,000
35,000
30,000
Over the past several decades, 25,000
space and satellite technology
20,000
has become the invisible
foundation of our digital world. 15,000
10,000
5,710
5,000
0
2010
2010 2011
2011 2012
2012 2013
2013 2014
2014 2015
2015 2016
2016 2017
2017 2018
2018 2019
2019 2020
2020 2021
2021 2022
2022 2023
2023 2024
2024 2025
2025 2026
2026 2027
2027 2028
2027 2029
2029
1. Based on Euroconsult and Starfighters estimated 2. Euroconsult derived estimates based on 7,015 satellites with a known mass 3. Based on Euroconsult and Starfighters estimate STARFIGHTERS SPACE . CORPORATE DECK . 2023 4
PEER OVERVIEW
Organizations licensed for orbital launch vehicles.
STARFIGHTERS SPACE . CORPORATE DECK . 2023 5
COMPARABLES
Comparable companies pre-money valuations presents a
pathway throughout their major milestones.
The average
valuation of a
start-up launch As at May 2022
($127B)
company increases
from $347.5M
to $1.6B once a
launch license is
obtained and test
flights begin.
$92.51M $347.49M
STARFIGHTERS SPACE . CORPORATE DECK . 2023 6
PEER OVERVIEW
HIGHLIGHTS: HIGHLIGHTS:
STRENGTHS STRENGTHS
$60M to dedicated orbit $15-20M+ for 500kg to orbit
Reusable first stage Legacy from Virgin Galactic
Proven technology Well known brand
SpaceX Virgin ORBIT
$127B valuation2 WEAKNESSES
$1.2B valuation 1 WEAKNESSES
(private company) Large, and getting larger Unproven technology
Infrastructure-heavy launch More expensive
Smaller satellites are secondary payloads Max of 24 rockets per year
HIGHLIGHTS: HIGHLIGHTS:
STRENGTHS STRENGTHS
$10M+ for 1,250kg to orbit $8M for 150kg to orbit
Targeted less than 1000 part count 19 successful orbital launches
Goal is to be 3D printed Only proven small launcher
Relativity Space Rocket Lab
$2.5B valuation3 WEAKNESSES
$2.4B valuation 1 WEAKNESSES
(private company) Unproven technology Very complex (5,000+ parts)
Limited experience Significant Non-US employees
Larger and less flexibility Non-flexible launch locations
No rockets launched
1. Yahoo finance, August 26, 2022
2. Source: https://www.cnbc.com/2022/08/05/elon-musks-spacex-raises-250-million-in-equity.html#:~:text=The%20equity%20raising%20lifts%20the,round%20in%20May%2C%20CNBC%20reported. STARFIGHTERS SPACE . CORPORATE DECK . 2023 7
3. source: https://www.cnbc.com/2021/06/08/relativity-space-raises-650-million-for-3d-printed-spacex-competitor.html
THE STARFIGHTERS SOLUTION
DILEMMA FOR SMALLSAT OPERATORS: Cost Vs Payload
RIDESHARE DEDICATED LAUNCH STARFIGHTERS SPACE
Purchase of available or A dedicated launch vehicle to A dedicated launch vehicle to lift
underutilized space on larger lift the payload. the payload – multiple times.
launch vehicles.
PROS PROS PROS
• Affordable $5k to $25k USD per kg • $24k per kg for a ‘taxi’ to your • Affordable $15k (at scale) per kg for
for a ‘bus ride’ near your desired EXACT location a ‘taxi’ to your EXACT target location
location
• Better control of schedule, launch • Improved control of schedule, launch
• Larger payloads date and orbital insertion than date, launch site and destination
rideshare option orbit
CONS
• Less environmental impact • Fastest turnaround from order to
• Only large payloads are economical launch, with multiple launch vehicles
• Reliable launch vehicle with history
(smallest to date, on test flight, available delivering much quicker
of safe operation
0.5 tonnes) cadence
• Extended lead times CONS • Minimal environmental impact
• Lack of schedule control • Smaller payloads • Proven first-stage launch vehicle with
thousands of missions over 60 years.
• Results in sub-optimal orbits • Minimum 250 days from order
to launch
• Large environmental impact.” instead
CONS
of Massive
• Smaller payloads
• Safety risk associated with liquid
rocket fuel
• Hidden costs due to engineering and
integration
STARFIGHTERS SPACE . CORPORATE DECK . 2023 8
THE STARFIGHTERS SOLUTION
Bigger is not 70
always better. Metres
60 60
Scale impacts 50 50
service price.
40 40
Rocket - Cost/KG1
Company Vehicle Cost / kg (US$) 30 30
Rocket Lab Electron $24,000
Boeing 747-400
SILA I
20 20
Virgin Galactic LauncherOne $24,000
Firefly Alpha $15,000
10 10
Russia Soyuz-2.1a $19,900
ArianeSpace* Ariane 5 $10,200
SpaceX* Falcon 9 $16,093 0 0
Starfighter F-104
SpaceX* Falcon Heavy $18,500 Starfighters Space
17.0
Starfighters SILA II (initial) $22,000 100kg1
1. per SILA I (up to 4) *Estimated †Low-Earth orbit
Starfighters SILA II (scale) $15,000
* Subsidized
1. All cost calculations are estimated from publicly available online data such as company websites and independent reporting compiled by Starfighters Space
https://aerospace.csis.org/data/space-launch-to-low-earth-orbit-how-much-does-it-cost/
https://www.newspace.im/assets/fig/Newspace_launchers_costsperkgperf_2022-01-01.pdf
https://forum.nasaspaceflight.com/index.php?topic=55606.msg2331202#msg2331202
STARFIGHTERS SPACE . CORPORATE DECK . 2023 9
LAUNCH VEHICLE STAGE ANALYSIS
SpaceX Payload Starfighters Space
Total Fuel Costs (non-reusable) Total Fuel Costs
~ $200,000 ~ $20,000
First Stage
Second Stage (reusable)
(non-reusable)
First Stage
(reusable)
Payload
(non-reusable)
Second Stage
(non-reusable)
Fuel costs are 10x cheaper and 2x lighter for a jet vs. rocket propulsion.
STARFIGHTERS SPACE . CORPORATE DECK . 2023 10HYPERSONIC DEVELOPMENT
Hypersonic rockets Starfighters is partnered with the Air Force Research
and projectiles travel Laboratory to develop and test hypersonic rockets
critical to US national defense
at between 5 and 25
times the speed of The Pentagon has publicly stated investment begins
sound – about 1 to 5 at $4.7 billion on hypersonic research for 20231
miles per second.
Both Russia and China have hypersonic programs
fielding operational hypersonic vehicles1
The Pentagon, National Science Foundation, and
the US Congress are pursuing the development of
hypersonic systems.
1. Congressional Research Service Hypersonic Weapons Report dated July 20, 2022 STARFIGHTERS SPACE . CORPORATE DECK . 2023 11MEET SILA I
Starfighters’ first SMALL PAYLOAD
(CAN INCLUDE MULTIPLE
proprietary design SMALL SATELLITES)
air-launch satellite 41,000 LBF
delivery rocket. TOTAL THRUST OF
LAUNCH VEHICLE
0-120°
RANGE OF ORBITAL
INCLINATION
STARFIGHTERS SPACE . CORPORATE DECK . 2023 12MEET SILA II
Starfighters’ next 0-120°
generation rocket RANGE OF ORBITAL
INCLINATION
and a perfect multiple
payload launcher.
SMALL PAYLOAD
TO LOW EARTH ORBIT
(CAN INCLUDE MULTIPLE
SMALL SATELLITES)
111,000 LBF
TOTAL THRUST OF
LAUNCH VEHICLE
STARFIGHTERS SPACE . CORPORATE DECK . 2023 13SILA I & II ORBITAL INSERTION VEHICLES
1 Starfighters F-104 launches and
climbs at MACH 2
2 45,000' launch of SILA I (current) or
SILA II (future)
3 SILA I boosts to suborbital altitude &
deploys micro-sat(s)
4 SILA II boosts to low earth orbit &
deploys small-sat(s)
5 Starfighters F-104 lands, refuels,
reloads for addt’l missions
STARFIGHTERS SPACE . CORPORATE DECK . 2023 14GO-TO-MARKET
Proven Technology Reusable System
Government Contract, Grants,
Proven Market Awards, and Sole Source
Proven Launch Federal
Vehicle Resources
Starfighters
Small Critical
Payloads
Space Development
Opportunity
Strategy
Incremental Risk Mitigation
Growth
Multiple revenue streams exist in addition to satellite launches:
• Captive carry of payloads and test articles • Jet warbird training & familiarization
• Microgravity experiments • Avionics testing/qualification
• Supersonic/hypersonic RDT&E • Flight suit testing/qualification
• Spaceflight hardware testing/qualification • Sponsored video production
• Suborbital spaceflight simulation • Adversary air training support
• Human factors & flight physiology
STARFIGHTERS SPACE . CORPORATE DECK . 2023 15GO-TO-MARKET
COMPETITIVELY ACQUIRE PRIMARY SECONDARY US GOVERNMENT
PRICED, UNIQUE LAUNCH REVENUE REVENUE PARTNER OF
CAPABILITIES LICENCES CHOICE
Other companies NASA and DoD Current growth Hypersonic rocket Acquire grants,
offer launch, range partnerships in the small-sat R&D development awards, and
but none offer gain airspace market based on platform for contracts through
the capabilities priority over other backlog of ~2000 national defense NSA, NASA, FAA,
and price of FAA users. payloads waiting and other users. NRO, DARPA, Air
Starfighters Space for launch. Force Research
Laboratory, and
others.
STARFIGHTERS SPACE . CORPORATE DECK . 2023 16MANAGEMENT TEAM
Rick ‘Boss’ Svetkoff Piercarlo ‘Capone’ Ciacchi
Rick, a former US Navy pilot, is the President and Piero is the Director of Flight Operations at
CEO of Starfighters. After leaving the Navy, he Starfighters. He is a former Italian Air Force pilot
served as a Captain at Continental Airlines (now who flew multiple fighter jet types and served as
United), where he flew the B727, MD80, B757, the Training Supervisor and Aerobatic Instructor
and B767. Shortly after starting with Continental, at the “Frecce Tricolori” Italian National Aerobatic
Rick purchased an F-104 and began flying at air Team, where he flew all eight positions of the 10
shows. He then acquired a fleet of the jets for a aircraft formation for 7+ years. Piero has a wealth
three-aircraft Starfighters Demonstration team. of experience in creating and managing flight and
Ultimately, he envisioned this F-104 fleet as the R&D projects, including custom modifications of
core asset of a small, fast reacting aerospace aeronautical parts, experimental hardware design,
company for a wide range of missions. integration, and videography.
STARFIGHTERS SPACE . CORPORATE DECK . 2023 17MEET THE TEAM
Rick Svetkoff Tim Franta Piercarlo Ciacchi Olga Balanovskaya
CO-FOUNDER & CEO DIRECTOR OF DIRECTOR OF FLIGHT CFO
DEVELOPMENT OPERATIONS
* Denotes been to space STARFIGHTERS SPACE . CORPORATE DECK . 2023 18PARTNERS/CLIENTS/RELATIONSHIPS
STARFIGHTERS SPACE . CORPORATE DECK . 2023 19CAPITAL REQUIREMENTS & MILESTONES
2 2 2 3 24 2 5
2 0 2 0 20 20
BRIDGE IPO SECONDARY TERTIARY
Proof of Concept Facility expansion First commercial Routine launch capability
(completed) and upgrades rocket launch
Hypersonic deployment
FAA and AST Suborbital launch Hypersonic testing
Launch License Applications vehicle
Optimize and procure
Procure SILA rocket primary Hypersonic R&D mass manufacture for
contractor/integrator SILA series
Various payloads for civil,
Captive carry/drop tests defense, commercial, and
academia
STARFIGHTERS SPACE . CORPORATE DECK . 2023 20LEGAL
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained in this presentation may constitute “forward-looking ascertained the underlying assumptions relied upon by such sources. The Company does
statements”. All statements, other than statements of historical fact, in this document that not make any representation as to the accuracy of such information.
address activities, events or developments that Starfighters Space, Inc. (the “Company”) or
a third party expects or anticipates will or may occur in the future, including but not limited Such information and data are subject to change and cannot always be verified with complete
to the investment opportunity, the future growth and valuation of the aerospace industry, certainty due to limits on the availability and reliability of raw data, the voluntary nature of
the Company’s future growth, the future diversification of the Company’s revenue streams the data gathering process and other limitations and uncertainties inherent in any statistical
and the assumptions underlying any of the foregoing, are forward-looking statements. survey of market or industry data. As a result, prospective investors should be aware that
These forward-looking statements reflect the Company’s current beliefs and are based on the information and data set forth in this presentation, and estimates and beliefs based on
information currently available to the Company and assumptions the Company believes are such information and data, may not be reliable.
reasonable, including information and assumptions about the Company’s ability to obtain the
necessary permits and approvals to operate, the Company’s ability to develop new products, TAXATION: Prospective investors should be aware that the purchase of securities of the
market trends and competition in the Company’s industry, effects of the COVID-19 public Company or any entity related there to may have tax consequences. The Company assumes
health crisis and future sales of the Company’s securities. Actual results and developments no responsibility for the tax consequences of any investment. Each prospective investor is
may differ materially from results and developments discussed in the forward-looking strongly encouraged to consult its own tax advisor concerning any purchase of securities of
statements as they are subject to a number of significant risks and uncertainties. Certain the Company or any entity related thereto.
of these risks and uncertainties are beyond the Company’s control. Consequently, all of the
forward-looking statements are qualified by these cautionary statements, and there can be TRADEMARKS: This presentation contains trademarks, service marks, tradenames and
no assurances that the actual results or developments will be realized or, even if substantially copyrights of Starfighters, its affiliates and other companies, which are the property of their
realized, that they will have the expected consequences to, or effect on, the Company. respective owners. The use or display of third parties’ trademarks, service marks, trade name
or products in this presentation is not intended to, and does not imply, a relationship with
THIRD PARTY INFORMATION: This presentation includes market and industry data which Starfighters, or an endorsement of sponsorship by or of Starfighters. Solely for convenience,
was obtained from various publicly available sources and other sources believed by the the trademarks, service marks and trade names referred to in this presentation may appear
Company to be true. Although the Company believes it to be reliable, the Company has not with the ®, TM or SM symbols, but such references are not intended to indicate, in any way,
independently verified any of the data from third-party sources referred to in this presentation, that Starfighters will not assert, to the full extent under applicable law, their rights or the
or analyzed or verified the underlying reports relied upon or referred to by such sources, or right of the applicable license or to these trademarks, service marks and trade names.
v.17 STARFIGHTERS SPACE . CORPORATE DECK . 2023 22Starfighters Space Reusable Launch Vehicle Hangar, Hangar Road Cape Canaveral, Florida, USA, 32920 +1-321-261-0900 info@starfightersspace.com
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