Jet.AI has made a $5 million strategic investment through a special purpose vehicle to acquire an economic interest in xAI, gaining exposure to SpaceX and its related businesses, including Starlink and X (formerly Twitter). The investment was announced on Wednesday. Through this stake in xAI, described as SpaceX's AI-focused subsidiary, Jet.AI positions itself ahead of a potential SpaceX initial public offering. The deal provides the company with indirect access to SpaceX's broader ecosystem of technology ventures and platforms.

Jet.AI has amended its merger agreement with flyExclusive, eliminating a previously required $50 million securities purchase agreement. The company confirmed it has sufficient net working capital to meet the cash closing condition, enhancing financial flexibility. The amendment allows Jet.AI to pursue additional merger and acquisition opportunities after completing the flyExclusive transaction. The company holds approximately $9 million in cash with no debt and has invested $9 million in three data centre projects and an AI infrastructure SPAC. Jet.AI is selling its aviation business to flyExclusive, which is expected to yield approximately $13.4 million in value for shareholders. The company also owns 49.5% of AI Infrastructure Acquisition Corp, having invested $2.75 million. The transaction remains subject to customary closing conditions.