Jet.AI invests $5 million via SPV for economic interest in SpaceX-xAI

Reuters04-08 20:01

Jet.AI invests $5 million via SPV for economic interest in SpaceX-xAI

Jet.AI disclosed a USD 5 million investment via a special purpose vehicle holding equity in xAI.
Transaction is intended to provide Jet.AI an economic interest in SpaceX following SpaceX acquisition of xAI.
Investment aligns with Jet.AI strategic pivot toward high-performance GPU infrastructure and AI cloud services.
Disclosure cited third-party reports of a potential SpaceX IPO targeting a USD 1.75 trillion to USD 2 trillion valuation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jet.ai Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604080800PRIMZONEFULLFEED9686013) on April 08, 2026, and is solely responsible for the information contained therein.

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