Jet.AI Inc. (NASDAQ: JTAI) announced a $5 million investment through a Special Purpose Vehicle to gain economic exposure to SpaceX and its subsidiaries, including xAI, Starlink, and X. The investment was made through an SPV that held equity in xAI before xAI's acquisition by SpaceX.

The Las Vegas-based AI infrastructure provider said the investment aligns with its strategic focus on high-performance AI systems and infrastructure. Jet.AI stated the investment may provide exposure to a potential SpaceX liquidity event, such as a public offering.

The press release cited third-party reports indicating SpaceX has confidentially filed for an initial public offering with the Securities and Exchange Commission. According to the company's statement, reports suggest SpaceX is targeting a valuation between $1.75 trillion and $2 trillion at listing, representing an increase from its approximately $800 billion private valuation in late 2025.

Market speculation referenced in the release suggests the IPO could raise up to $75 billion in new capital, which would exceed Saudi Aramco's $29.4 billion IPO record from 2019. The company indicated up to 30% of shares could be allocated to retail investors, above the typical 5-10% allocation.

Jet.AI's press release outlined a prospective timeline with a prospectus expected in late May 2026, a roadshow targeted for the week of June 8, 2026, and potential listing in June or July 2026. The company noted these details remain subject to change based on investor demand, market conditions, and regulatory review.

Jet.AI describes itself as a provider of GPU infrastructure and AI cloud services focused on artificial intelligence tools and infrastructure deployment.