Jet.AI Inc. (NASDAQ:JTAI) shares surged about 30% after the company disclosed a $5 million strategic investment that gives it economic exposure to SpaceX and several affiliated businesses, including xAI/Grok, Starlink and X/Twitter.
The AI cloud services firm made the investment through a Special Purpose Vehicle that previously held equity in xAI before the company’s recent acquisition by SpaceX. Jet.AI said the move forms part of its broader strategy to shift toward AI infrastructure while gaining exposure to the potential growth and performance of SpaceX and xAI.
According to the company, the investment complements its focus on high-performance artificial intelligence systems and supporting infrastructure. Jet.AI also highlighted the possibility of a future liquidity event involving SpaceX, such as a public listing.
Reports from third-party sources indicate that SpaceX has confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering that could value the company between $1.75 trillion and more than $2 trillion at listing.
That valuation would represent a substantial increase from SpaceX’s estimated private valuation of roughly $800 billion in late 2025 and the approximately $1.25 trillion combined valuation reached after its merger with xAI in early 2026.
Market speculation suggests the offering could raise up to $75 billion in new capital, potentially surpassing the $29.4 billion IPO completed by Saudi Aramco in 2019 as the largest public offering ever.
Some reports indicate that as much as 30% of the shares could be allocated to retail investors.
A prospectus for the offering is expected around late May 2026, followed by a potential investor roadshow during the week of June 8, 2026, with a possible market debut in June or July 2026.