Jet.AI Announces $5M Strategic Investment Intended To Provide Economic Interest In SpaceX And Its Related Subsidiaries, Including But Not Limited To x.AI / Grok, Starlink, And X / Twitter

Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ:JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced a $5 million strategic investment intended to provide an economic interest in SpaceX and its related subsidiaries, including but not limited to x.AI / Grok, Starlink, and X / Twitter. The investment was made through a Special Purpose Vehicle ("SPV") that held equity in xAI, prior to x.AI's recent acquisition by SpaceX.

The investment is intended to reinforce Jet.AI's strategic pivot toward AI infrastructure and to gain economic exposure into SpaceX and xAI's potential performance and growth. Beyond xAI's focus on data centers and AI systems like Grok, SpaceX is working to reduce the cost of sending cargo to space, to make an orbiting solar-powered data center a realistic and cost-efficient possibility. Jet.AI believes exposure to and economic interest in SpaceX and xAI's technology and development trajectory aligns with Jet.AI's long-term focus on and pivot towards high-performance AI systems and infrastructure. The Company also believes this investment may provide a potential liquidity event involving SpaceX, such as a public offering.