Robert Kiyosaki and Garrett Baldwin of The Kiyosaki Letter are pitching “Shadow SpaceX.” We trace the clues and test the launch-cheat-code story.
One promotion, several names — all of them point to the same pitch, and the same stock.
“Elon Musk Needs This Small Florida Company to Make SpaceX Profitable.” That’s the headline Robert Kiyosaki and Garrett Baldwin are using in The Kiyosaki Letter to sell the Shadow SpaceX dossier.
The pitch promises a little-known Florida launch company with an F-104 air-launch platform, a supposed 10-times cost advantage, defense-contractor customers and a stock priced below $7. It also calls the technology a “launch cheat code.” We identify the stock below, with 91/100 confidence.
The promotion gives away some unusually specific fingerprints: a NYSE American listing, operations beside SpaceX at Florida’s Kennedy Space Center, an F-104 that releases payloads from roughly 45,000 feet, and a Mach 2 air-launch profile. The under-$7 clue narrows the field further.
The same idea is also branded as “Starfighters Research Package,” “launch cheat code,” “Shadow SpaceX Dossier,” “The Shadow SpaceX Dossier,” “Shadow SpaceX Special Situation Report,” “The Launch Cheat Code” and “The Under-$7 Space Stock Operating in SpaceX’s Shadow.” Those names refer to the same pitch, not a collection of separate opportunities.
The stock is Starfighters Space, Inc. (NYSE American: FJET). The strongest clue is the company’s own description of its F-104: a reusable first stage that carries payloads to approximately 45,000 feet for air launch to space. That is a very distinctive aircraft, altitude and business plan to find in one place.
Starfighters’ website says it operates at NASA’s Kennedy Space Center alongside SpaceX, Blue Origin and United Launch Alliance. Its 2026 Form 10-K identifies a principal facility in Cape Canaveral, Florida and describes planned launch-services and access-to-space operations. The company began trading on NYSE American under FJET on December 18, 2025.
The Kiyosaki Research Shadow SpaceX page closes the loop. It explicitly calls the high-altitude air-launch approach the “launch cheat code,” presents Baldwin as Kiyosaki’s “Financial 007” and ties him to the dossier. The clues converge on Starfighters Space, not merely on a generic space stock.
The claims below are checked against Starfighters Space’s 2026 Form 10-K, its Form 8-A, company materials, the FAA’s descriptions of the Kennedy Space Center and Cape Canaveral spaceport complex, and the Kiyosaki Research sales page.
That distinction matters here. The company’s aircraft, location, listing and planned mission are checkable. The leap from those facts to a proven 10-times-cheaper launch service, present-day defense payments or a guaranteed orbital outcome is a different animal.
| The promotion claims | Verdict | What we found |
|---|---|---|
| Starfighters Space is a little-known firm | Can't verify | Starfighters Space was incorporated in 2022 and had a market value of roughly $222 million in the cited market data, which supports that it is young and small but does not establish how well known it is. |
| Starfighters Space solved the single biggest cost problem in launch | Overstated | Starfighters' corporate presentation claims fuel costs are 10 times lower for jet propulsion than rocket propulsion, but it does not establish that the company solved the industry's single biggest cost problem. |
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The pitch’s central claim is simple: SpaceX has a launch-cost problem, Starfighters’ air-launch system is the cheap answer, and buying FJET gets investors in before that answer is widely recognized. The location and hardware links hold. Starfighters really does operate near SpaceX, and its F-104 really is designed to release payloads from roughly 45,000 feet.
The weakest link is the jump from fuel costs to total launch economics. Starfighters’ presentation compares claimed jet fuel costs of $20,000 with $200,000 for rocket propulsion, but that doesn’t prove the complete launch service is 10 times cheaper than every competitor. Nor does it establish that SpaceX, Blue Origin and Rocket Lab have failed to solve one universal “single biggest” cost problem. A cheaper tank of fuel isn’t the same thing as a cheaper trip to orbit.
The defense-contractor claim needs the same haircut. Starfighters’ website names Lockheed Martin, GE, Innoveering, Space Florida and the U.S. Air Force Research Laboratory as customers, but the 2026 Form 10-K doesn’t disclose customer-specific payments or contracts. It says historical annual revenue and other income were below $1 million. A customer list isn’t a cash register.
On its own merits, FJET is an early-stage, speculative launch business. The 10-K says StarLaunch II is intended to carry payloads to orbit, while also saying the company still planned to develop orbital-launch infrastructure after a successful suborbital flight and had not yet commenced principal operations. The reusable F-104 and runway return are real pieces of the plan; successful orbit insertion and a “perfect landing” remain projections. The promotion has found an interesting company, but the filings don’t yet support the claim that it’s SpaceX’s missing profit machine.
How confident are we? 91 out of 100. We identified Starfighters Space, Inc. (FJET) from the promotion's own clues and checked 24 of its claims against filings, earnings calls, ownership records, market data and public reporting. This is our analysis, not the publisher's disclosure — we have no relationship with them.
Knowing which stock it is only gets you halfway. We score FJET on valuation, profitability, growth, financial health and momentum — and reach our own conclusion, independent of how it was sold to you.
See the FJET data →Independent of the promotion — our own numbers, score and analysis.
Everything we track on FJET in one place — the TickerSpark Score, price charts, key financials, and our latest coverage.
| Can't verify |
| Starfighters' investor materials compare its claimed fuel costs with rocket propulsion, but they do not substantiate this universal claim about SpaceX, Blue Origin, and Rocket Lab. |
| Starfighters Space is twice as fast as its competition | Can't verify | Starfighters' company materials establish a Mach 2 F-104 capability, but I found no company or CEO source defining a benchmark that proves the aircraft is twice as fast as its competition. |
| Starfighters Space is ten times cheaper than its competition | Overstated | Starfighters' corporate presentation says fuel costs are 10 times lower for a jet than for rocket propulsion, with a $20,000 versus $200,000 comparison; that is not evidence that the complete launch service is 10 times cheaper than every competitor's service. |
| Starfighters Space operates physically close to SpaceX | Checks out | Starfighters' company website says it is located at NASA's Kennedy Space Center in Florida alongside SpaceX, Blue Origin, and United Launch Alliance. |
| Starfighters Space is a small company | Checks out | Starfighters Space was incorporated in 2022, listed on NYSE American in December 2025, and had a market value of roughly $222 million in the cited market data. |
| Starfighters Space is a Florida launch company | Checks out | Starfighters' 2026 Form 10-K says its principal operating facility is in Cape Canaveral, Florida, and describes its planned Launch Services and access-to-space business. |
| Starfighters Space trades on a major U.S. exchange | Checks out | Starfighters' Form 10-K states that its common stock began trading on NYSE American under the ticker FJET on December 18, 2025. |
| Starfighters Space is fully registered | Checks out | Starfighters' December 18, 2025 Form 8-A registered its securities under Section 12(b), and the company has filed SEC Forms 10-K, 10-Q, and 8-K. |
| Starfighters Space is being paid right now by defense contractors | Overstated | Starfighters' website names Lockheed Martin, GE, Innoveering, Space Florida, and the U.S. Air Force Research Laboratory as current customers, but its 2026 Form 10-K does not disclose customer-specific payments or contracts and says historical annual revenue and other income were below $1 million. |
| Those customers include some of the largest defense contractors in the world | Checks out | Starfighters' company page names Lockheed Martin as a current customer, and Lockheed Martin is one of the largest U.S. defense contractors; the page does not, however, quantify Starfighters' business with it. |
| Starfighters Space operates from a secure federal launch facility | Checks out | Starfighters' SEC-filed materials place its operations at NASA's Kennedy Space Center Launch and Landing Facility, and the FAA classifies the Kennedy Space Center/Cape Canaveral spaceport complex as federal. |
| The facility is one of the most secure federal launch facilities on Earth | Overstated | NASA Kennedy Space Center is a federal space facility, but the cited SEC filings and FAA descriptions do not establish the promotional superlative that it is among the most secure facilities on Earth. |
| Starfighters Space operates under an agreement governing its facility access | Checks out | Starfighters' 2026 Form 10-K identifies a Site Occupant Lease Agreement with Space Florida for premises at the KSC Reusable Launch Vehicle Hangar, while a separate filing identifies a Memorandum of Agreement with Space Launch Delta 45. |
| The agreement took years to secure | Can't verify | The filings date the Space Florida lease to June 1, 2022 and the Space Launch Delta 45 memorandum to March 28, 2023, but they do not document how many years Starfighters spent securing either arrangement. |
| Investors can buy the shares for less than a monthly streaming subscription | Checks out | The Kiyosaki Research page described the teased stock as under $7, and FJET traded at $3.79 in the cited market quotation, below the price of many standard monthly streaming plans. |
| Starfighters Space's launch system releases payloads from approximately 45,000 feet | Checks out | Starfighters' company website says its F-104 acts as a first stage carrying payloads to 45,000 feet for air launch to space, and describes Mach 2 air launches from approximately that altitude. |
| Starfighters Space's projected commercial mission includes successful orbit insertion | Can't verify | Starfighters' 2026 Form 10-K says StarLaunch II is intended to carry payloads to orbit, but also says the company still planned to develop orbital-launch infrastructure after a successful suborbital flight and had not yet commenced principal operations. |
| Starfighters Space's projected commercial mission includes a perfect landing | Can't verify | Starfighters describes the F-104 as a reusable aircraft that returns to a runway after release, but its filings and company releases do not establish that a future commercial mission will achieve a perfect landing. |
| The technology is a launch cheat code | Checks out | The Kiyosaki Research Shadow SpaceX sales page explicitly calls the high-altitude air-launch approach the “launch cheat code.” |
| Garrett Baldwin brought the Shadow SpaceX dossier to Robert Kiyosaki | Checks out | The Kiyosaki Research sales page presents Robert Kiyosaki discussing the opportunity with Garrett Baldwin and credits Baldwin with building the space-economy dossier package. |
| Garrett Baldwin is Robert Kiyosaki's Financial 007 | Checks out | The Kiyosaki Research Shadow SpaceX page explicitly describes Garrett Baldwin as the person Robert Kiyosaki calls his “Financial 007.” |
| The page footer labels the offer The Kiyosaki Letter — Starfighters Research Package | Contradicted | The Kiyosaki Research page identifies the offer as The Kiyosaki Letter and uses an order label such as “TKL - 06-26 Annual (Star SpaceX),” while its footer reads “© 2026 Kiyosaki Research”; it does not display the exact phrase “The Kiyosaki Letter — Starfighters Research Package.” |
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