GlobeNewswire·Apr 8, 2026, 8:00 AM ET

Jet.AI Announces $5 Million SPV Economic Interest in xAI (SpaceX)

Jet.AI Inc. announced a $5 million strategic investment to gain economic interest in SpaceX and subsidiaries including xAI/Grok, Starlink, and X/Twitter.
The investment was structured through a Special Purpose Vehicle holding equity in xAI prior to its acquisition by SpaceX.
The move reinforces Jet.AI's pivot toward high-performance AI infrastructure and aims to secure exposure to SpaceX's orbiting solar-powered data center initiatives.
Jet.AI anticipates the investment could lead to a liquidity event via a SpaceX public offering.
SpaceX has confidentially filed for an IPO targeting a valuation between $1.75 trillion & $2 trillion, up from its ~$800 billion late 2025 private valuation.
The prospective offering could raise up to $75 billion, potentially becoming the largest IPO in history.
Reports suggest up to 30% of shares may be allocated to retail investors, with a special event planned for June 11, 2026.
The prospectus is expected in late May 2026, followed by a roadshow the week of June 8, 2026, with a potential listing in June or July 2026.
Final pricing, size, & timing remain subject to market conditions, investor demand, & regulatory review.
Forward-looking statements in the release are based on current expectations & are subject to risks that could cause actual results to differ materially.