Shares of Jet.AI Inc. (JTAI) are falling about 28 percent on Wednesday morning trading after it announced a $5 million strategic investment intended to provide an economic interest in SpaceX and its related subsidiaries.
The company's stock is currently trading at $5.52, down 28.16 percent or $2.16, over the previous close of $7.70 on the Nasdaq. It has traded between $0.04 and $10.40 in the past one year.
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.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.