tiprankstipranks
Advertisement
Advertisement

Jet.AI announces $5M economic interest in SpaceX, subsidiaries

Jet.AI (JTAI) announced a $5M strategic investment intended to provide an economic interest in SpaceX and its related subsidiaries, including but not limited to x.AI / Grok, Starlink, and X / Twitter. The investment was made through a special purpose vehicle that held equity in xAI, prior to x.AI’s recent acquisition by SpaceX. The investment is intended to reinforce Jet.AI’s strategic pivot toward AI infrastructure and to gain economic exposure into SpaceX and xAI’s potential performance and growth.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1