The application of starlight refraction navigation to spacecraft and space weapons is a significant development. However, the irregular stratospheric atmosphere can cause fluctuations in relative light intensity and refraction angles of refracted stars, which need to be analyzed to provide guidance for system design and simulation verification. The internal gravity wave (IGW) is an important component of the irregular atmosphere. Based on the Rytov approximation, closed-form approximations were obtained, which can more intuitively reveal the relationship between the IGW parameters and the star signals’ statistical characteristics. From the GOMOS observations, the influence of the stratosphere from 25 km to 35 km on the fluctuations in relative intensity and refraction angles was analyzed in this study. As the height increased, the fluctuations in starlight signals gradually weakened. Compared with the numerical solution, the error of the closed-form approximations for relative intensity fluctuations was no more than 10%, and the error for refraction angle fluctuations was 1.0%. Compared with the measured data, the error of the closed-form approximations for relative intensity was 6.3%. The proposed approximations better reflect the relationship between IGW parameters and star signal fluctuations compared to the existing approximation. The research in this article can provide a reference for application assessment based on starlight refraction navigation.