 In 2015, Freddie Mills acquired the vessel and has re-rigged and re-commissioned her as a private racing yacht operating out of Newport, Rhode Island.In October 2017 Stars and Stripes was acquired by Key Lime Sailing Club and Cottages in Key Largo to be used for day charters and racing.Fossett's "Stars & Stripes" yacht was entered in the 84th running of the annual Port Huron to Mackinac Boat Race to Mackinac from Port Huron, Michigan, and was favored to win and set a new record time.