Jet.AI Inc. (NASDAQ: JTAI) announced that its board of directors has authorized a review of strategic alternatives regarding the company's equity interest in Space Exploration Technologies Corp., according to a press release.

The board will consider various options including acquiring additional SpaceX equity, retaining the current position, distributing the interest to shareholders through a spin-off or special dividend, or selling all or part of the stake.

In April 2026, Jet.AI made a $5 million strategic investment to gain an economic interest in SpaceX and its subsidiaries, which include x.AI/Grok, Starlink, and X. The company stated this investment has gained relevance due to SpaceX's reported initial public offering plans.

According to the press release, SpaceX's reported valuation of approximately $1.75 trillion would make its IPO the largest in history. Jet.AI indicated the board believes it is appropriate to evaluate alternatives given the potential value of the company's SpaceX economic interest.

The board has engaged independent financial and legal advisors for the review process. The company stated it does not plan to disclose further developments unless the board approves a specific action or determines disclosure is required.

No decisions have been made, and the company noted there is no assurance the review will result in any transaction or strategic action. The timing and terms of any potential outcome remain uncertain.

Jet.AI describes itself as a provider of artificial intelligence tools and high-performance GPU infrastructure. The company trades on the NASDAQ Capital Market under the ticker symbol JTAI.