Shares of Jet.AI Inc. (NASDAQ:JTAI) surged about 30% after the company disclosed a $5 million strategic investment that gives it an economic interest in SpaceX and several of its related business units, including xAI/Grok, Starlink and X/Twitter.
Jet.AI said the investment was executed through a Special Purpose Vehicle that held equity in xAI prior to that business being acquired by SpaceX. The company described the transaction as part of a broader shift toward AI infrastructure, with the stated objective of obtaining economic exposure to the potential performance and growth of SpaceX and xAI.
In its announcement, Jet.AI linked the investment to its focus on high-performance AI systems and infrastructure and explicitly noted the potential for a liquidity event involving SpaceX, naming a public offering as one such example. The company did not, in its disclosure, attach specific forecasts for returns or timing tied to that potential event.
Separately, third-party reports referenced in market commentary indicate that SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. Those reports put a target listing valuation in the range of $1.75 trillion to more than $2 trillion. The suggested figure would represent a material increase from what has been reported as SpaceX's approximately $800 billion private valuation in late 2025 and from the combined $1.25 trillion valuation following its merger with xAI in early 2026.
Market speculation cited alongside these reports has suggested the IPO could raise about $75 billion in new capital, which would exceed the size of Saudi Aramco's 2019 IPO, reported at $29.4 billion. The commentary also indicated that up to 30% of shares in a potential offering could be reserved for retail investors.
Timelines cited in the market reports point to a prospectus expected in late May 2026, a roadshow targeted for the week of June 8, 2026, and a possible public listing in June or July 2026. The company announcement from Jet.AI limited itself to describing the $5 million investment, its structure and strategic rationale, without providing further underwriting or balance-sheet detail.
The transaction links Jet.AI to a constellation of businesses spanning AI software, satellite broadband and social media under the SpaceX corporate umbrella. For Jet.AI, management framed the move as consistent with a pivot toward AI infrastructure and with a desire to secure economic participation in those assets should a liquidity event occur.