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Jet.AI

Full company profile

uuid000082u

Namestring
Jet.AI
Legal namestring
Jet.AI Inc.
Websiteurl
jet.ai
Company typeenum
Public
Founded yearint
2018
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersLas Vegas, United States
HQ citystring
Las Vegas
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
AI data center infrastructure, private jet charter, hyperscale data center development, aircraft fractional ownership, AI booking platform
Industry1 code
1AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI)
CodeHDAEANAIPrimaryYes
NAICS code1 code
  • Nonscheduled Air Transportation4812
SIC code1 code
  • Services-Computer Integrated Systems Design7373
Product category
AI Data Center Infrastructure
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Private Jet Charter Services
TypeTransaction Fee
Description

On-demand charter booking services where Jet.AI acts as an authorized agent to arrange flights operated by licensed air carriers. Revenue generated from flight costs, fuel surcharges, and incidental expenses.

pressviewer.com
2Jet Card and Fractional Ownership
TypeSubscription Recurring
Description

Membership-based programs offering guaranteed flight hours with interchange capabilities across different aircraft categories including HondaJet, Light, Midsize, Super-Mid, Large-Cabin, and Ultra-Long Range aircraft.

privatejetcardcomparisons.com
3AI Data Center Infrastructure Development
TypeManaged Services
Description

Developing and partnering on large-scale data center campuses for hyperscale AI workloads. Revenue model involves securing land, power, and connectivity before construction, with potential for lease or sale to hyperscalers.

jet.ai
4Investment Income
TypeLicensing Royalties
Description

Strategic investments including $5 million stake in SpaceX and subsidiaries including xAI, Starlink, and X/Twitter, with potential liquidity events such as IPO expected in late May 2026.

stocktitan.net
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Pricing details2 tiers
1Jet Card with interchange rates based on aircraft category
ModelSubscriptionBilling cadenceAnnual
Notes

Flight hours are applied using interchange ratios based on card purchased vs aircraft flown. HondaJet card holders pay 1.0x for HondaJet, 1.52x for Light, 1.68x for Midsize, 2.27x for Super-Mid, 2.59x for Large-Cabin, and 3.75x for Ultra-Long Range aircraft.

jet.ai
2Cancellation fees based on departure timing
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Round trip flights: No charge if cancelled 22+ days prior; 30% if 8-21 days; 50% if 5-7 days; 70% if 4 days; 100% if 3 days or less. One-way flights are 100% non-refundable at any time.

jet.ai
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 of 4 records shown
1CharterGPT
Description

AI-driven booking application using voice recognition technology to streamline flight reservations through natural language commands, launched in July 2023

openpr.com
+3 more records
Core offering1 text field

Jet.AI develops AI data center infrastructure across North America by securing shovel-ready land, power, and connectivity for hyperscale AI workloads through three active projects (Manitoba, Maritimes, Moapa) with combined capacity exceeding 1 GW. The company also operates an aviation segment offering AI-powered private jet charter, jet card programs, and fractional ownership through its CharterGPT app, Ava AI assistant, and Look Book & Fly platform, which is being divested via a pending merger with flyExclusive.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 1 GW of combined data center development capacity
+2 more records
Product overview1 text field

Jet.AI is a technology-driven company that has transitioned from aviation operations to a pure-play AI data center infrastructure company. The company's product portfolio includes two distinct segments: (1) Aviation services - CharterGPT (AI-driven booking app with voice recognition), Ava AI assistant, Look Book & Fly charter platform, DynoFlight carbon crediting solution, and JetToken fractional ownership program, all focused on private jet booking and management; and (2) AI Data Center Infrastructure - development of hyperscale data center campuses in Manitoba, the Canadian Maritimes, and Moapa, Nevada with combined capacity exceeding 1 gigawatt. The company is in the process of divesting its aviation segment to flyExclusive while pivoting to AI infrastructure and data center development.

Product and service10 records
1CharterGPT
CategoryAI booking application
Description

AI-driven private jet charter booking application using voice recognition technology that enables users to make flight reservations through natural language voice commands, available on iOS and Android.

2Ava AI Assistant
CategoryAI booking assistant
Description

AI assistant for aircraft charter bookings that provides real-time availability, pricing, and conversational guidance to private jet customers.

3Look Book & Fly
CategoryCharter booking platform
Description

Online platform for searching and booking private jet charter flights, marketed as a direct-to-consumer charter marketplace serving the southwestern US and Mexico Primary Service Area.

4DynoFlight
CategorySustainability / carbon credits
Description

Carbon crediting solution that tracks and manages carbon emissions from private jet flights.

5JetToken Fractional Ownership
CategoryAircraft fractional ownership
Description

Fractional ownership program for private jet aircraft, allowing members to purchase shares of aircraft and access flight hours across multiple aircraft categories.

6Aircraft Acquisition and Management
CategoryAircraft management services
Description

Service offering for private jet owners covering aircraft acquisition consulting and ongoing management of their private aircraft.

7AI Data Center Infrastructure Development
CategoryAI data center infrastructure
Description

Development of hyperscale AI data center campuses across North America, securing and developing shovel-ready data center sites from raw land to powered campuses with combined capacity exceeding 1 GW.

8Manitoba Data Center Project
CategoryData center site development
Description

Approximately 350 contiguous acres located roughly 10 miles south of Winnipeg, Manitoba with multi-hundred megawatt development potential, supplied by grid power and natural gas.

9Maritimes Data Center Project
CategoryData center site development
Description

Canadian Maritimes data center project expected to support approximately 500 megawatts of capacity.

10Moapa Data Center Project
CategoryData center site development
Description

50+ megawatt data center campus in Moapa, Nevada approximately 1 hour north of Las Vegas, built on a former decommissioned and remediated coal plant site with strong electrical and natural gas connectivity.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-12-23
Description

Joint venture to develop a 50-megawatt data center campus in Moapa, Nevada with an estimated enterprise value of approximately $500 million. Jet.AI plans to invest about $10 million over two years and expects to receive approximately 70% of common equity in the proposed structure.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-14
Description

Joint venture partner for hyperscale data center development through Convergence Compute LLC. Companies are developing two data center campuses in Midwestern and Maritime Canada regions with power supply confirmations and lease rights transfers. Manitoba project involves 350 acres with multi-hundred MW potential; Maritime project targets ~500 MW capacity.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-02-14
Description

Pending merger where Jet.AI will spin off its aviation assets into SpinCo that will merge into flyExclusive. Deal valued between $12 million and $22 million based on Jet.AI's Net Cash and Applicable Premium Percentage. Upon closing, Jet.AI will pivot to AI infrastructure and data center projects while flyExclusive gains Citation and HondaJet aircraft assets.

Recent move11 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Publicly traded AI/HPC data center developer that designs, builds, and operates large-scale GPU cloud and data center campuses — closest comparable to Jet.AI's AI infrastructure development strategy and capital-light, partnership-driven model.

TypeBroad incumbent
Description

Large-cap global data center REIT operating 300+ facilities across multiple continents — comparable as a hyperscale data center landlord/operator, though much larger and more diversified than Jet.AI's pre-development pipeline.

TypeBroad incumbent
Description

Largest publicly traded colocation and interconnection data center operator — comparable for hyperscale data center development and tenant relationships, though Equinix focuses on retail colocation/interconnection versus Jet.AI's wholesale powered-land thesis.

TypeDirect peer
Description

Private global hyperscale data center developer with multi-hundred MW campuses across North America, EMEA, and APAC — directly comparable to Jet.AI's Manitoba/Maritimes/Moapa development model and hyperscaler-focused go-to-market.

TypeDirect peer
Description

US-focused hyperscale and edge data center developer building purpose-built facilities — closely comparable to Jet.AI's land/power acquisition and partner-led development approach.

TypeEmerging player
Description

Hyperscale-focused data center developer with campuses across the Americas — comparable wholesale powered-shell development model, though more advanced in build-out than Jet.AI.

TypeDirect peer
Description

Publicly traded private aviation company offering on-demand charter, jet cards, and fractional ownership — most direct comparable to Jet.AI's CharterGPT booking app, jet card interchange program, and Lookbookandfly charter platform.

TypeDirect peer
Description

Global private jet operator offering membership-based and on-demand charter programs across multiple aircraft categories — comparable to Jet.AI's jet card and fractional offerings, and previously employed Jet.AI's CEO George Murnane.

TypeDirect peer
Description

Publicly traded private jet operator and the pending merger partner acquiring Jet.AI's aviation assets — directly comparable on Citation/HondaJet charter, jet card, and fractional operations, and is the strategic counterparty for the SpinCo transaction.

TypeEmerging player
Description

AI-focused cloud infrastructure provider operating large-scale GPU clusters in purpose-built data centers — comparable as a buyer/lessee of powered land for AI compute, representing the type of customer Jet.AI's development projects target.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Jet.AI

AI Data Center Infrastructurejet.ai

Jet.AI firmographics

Firmographics
Name
Jet.AI
Legal name
Jet.AI Inc.
Website
https://jet.ai
Company type
Public
Founded year
2018
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Jet.AI industry classification

Industry
Product category
AI Data Center Infrastructure
NAICS
Nonscheduled Air Transportation (4812)
SIC
Services-Computer Integrated Systems Design (7373)
akta.pro primary industry
AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI)

Keywords

  • AI data center infrastructure
  • Private jet charter
  • Hyperscale data center development
  • Aircraft fractional ownership
  • AI booking platform

Where Jet.AI is headquartered

Location

Headquarters

HQ city
Las Vegas
HQ country
United States
HQ region
North America

Offices5 records

Markets served

Jet.AI business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Private Jet Charter Services: On-demand charter booking services where Jet.AI acts as an authorized agent to arrange flights operated by licensed air carriers. Revenue generated from flight costs, fuel surcharges, and incidental expenses.
  2. Jet Card and Fractional Ownership: Membership-based programs offering guaranteed flight hours with interchange capabilities across different aircraft categories including HondaJet, Light, Midsize, Super-Mid, Large-Cabin, and Ultra-Long Range aircraft.
  3. AI Data Center Infrastructure Development: Developing and partnering on large-scale data center campuses for hyperscale AI workloads. Revenue model involves securing land, power, and connectivity before construction, with potential for lease or sale to hyperscalers.
  4. Investment Income: Strategic investments including $5 million stake in SpaceX and subsidiaries including xAI, Starlink, and X/Twitter, with potential liquidity events such as IPO expected in late May 2026.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualJet Card with interchange rates based on aircraft category
Transaction based/ take ratePay-as-you-goCancellation fees based on departure timing

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Jet.AI product offering

Product offering

Core offering

Jet.AI develops AI data center infrastructure across North America by securing shovel-ready land, power, and connectivity for hyperscale AI workloads through three active projects (Manitoba, Maritimes, Moapa) with combined capacity exceeding 1 GW. The company also operates an aviation segment offering AI-powered private jet charter, jet card programs, and fractional ownership through its CharterGPT app, Ava AI assistant, and Look Book & Fly platform, which is being divested via a pending merger with flyExclusive.

Product overview

Jet.AI is a technology-driven company that has transitioned from aviation operations to a pure-play AI data center infrastructure company. The company's product portfolio includes two distinct segments: (1) Aviation services - CharterGPT (AI-driven booking app with voice recognition), Ava AI assistant, Look Book & Fly charter platform, DynoFlight carbon crediting solution, and JetToken fractional ownership program, all focused on private jet booking and management; and (2) AI Data Center Infrastructure - development of hyperscale data center campuses in Manitoba, the Canadian Maritimes, and Moapa, Nevada with combined capacity exceeding 1 gigawatt. The company is in the process of divesting its aviation segment to flyExclusive while pivoting to AI infrastructure and data center development.

Differentiator

Problem solved

Functional benefit

Brands

  • CharterGPT: AI-driven booking application using voice recognition technology to streamline flight reservations through natural language commands, launched in July 2023
  • Ava
  • DynoFlight
  • DynoFlight

Products and services

  • CharterGPT AI-driven private jet charter booking application using voice recognition technology that enables users to make flight reservations through natural language voice commands, available on iOS and Android.
  • Ava AI Assistant AI assistant for aircraft charter bookings that provides real-time availability, pricing, and conversational guidance to private jet customers.
  • Look Book & Fly Online platform for searching and booking private jet charter flights, marketed as a direct-to-consumer charter marketplace serving the southwestern US and Mexico Primary Service Area.
  • DynoFlight Carbon crediting solution that tracks and manages carbon emissions from private jet flights.
  • JetToken Fractional Ownership Fractional ownership program for private jet aircraft, allowing members to purchase shares of aircraft and access flight hours across multiple aircraft categories.
  • Aircraft Acquisition and Management Service offering for private jet owners covering aircraft acquisition consulting and ongoing management of their private aircraft.
  • AI Data Center Infrastructure Development Development of hyperscale AI data center campuses across North America, securing and developing shovel-ready data center sites from raw land to powered campuses with combined capacity exceeding 1 GW.
  • Manitoba Data Center Project Approximately 350 contiguous acres located roughly 10 miles south of Winnipeg, Manitoba with multi-hundred megawatt development potential, supplied by grid power and natural gas.
  • Maritimes Data Center Project Canadian Maritimes data center project expected to support approximately 500 megawatts of capacity.
  • Moapa Data Center Project 50+ megawatt data center campus in Moapa, Nevada approximately 1 hour north of Las Vegas, built on a former decommissioned and remediated coal plant site with strong electrical and natural gas connectivity.

Quantifiable outcome

  • Over 1 GW of combined data center development capacity
  • +2 more outcomes

Companies that use Jet.AI

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Jet.AI technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Jet.AI partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • Choo Choo Express LLCcoreStrategic or Co-development Partner · 23 December 2025Joint venture to develop a 50-megawatt data center campus in Moapa, Nevada with an estimated enterprise value of approximately $500 million. Jet.AI plans to invest about $10 million over two years and expects to receive approximately 70% of common equity in the proposed structure.
  • Consensus Core TechnologiescoreStrategic or Co-development Partner · 14 October 2025Joint venture partner for hyperscale data center development through Convergence Compute LLC. Companies are developing two data center campuses in Midwestern and Maritime Canada regions with power supply confirmations and lease rights transfers. Manitoba project involves 350 acres with multi-hundred MW potential; Maritime project targets ~500 MW capacity.
  • flyExclusivecoreStrategic or Co-development Partner · 14 February 2025Pending merger where Jet.AI will spin off its aviation assets into SpinCo that will merge into flyExclusive. Deal valued between $12 million and $22 million based on Jet.AI's Net Cash and Applicable Premium Percentage. Upon closing, Jet.AI will pivot to AI infrastructure and data center projects while flyExclusive gains Citation and HondaJet aircraft assets.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Jet.AI competitors and assessment

Company assessment

Direct peers

  • Applied Digital: Publicly traded AI/HPC data center developer that designs, builds, and operates large-scale GPU cloud and data center campuses — closest comparable to Jet.AI's AI infrastructure development strategy and capital-light, partnership-driven model.
  • Vantage Data Centers: Private global hyperscale data center developer with multi-hundred MW campuses across North America, EMEA, and APAC — directly comparable to Jet.AI's Manitoba/Maritimes/Moapa development model and hyperscaler-focused go-to-market.
  • Compass Datacenters: US-focused hyperscale and edge data center developer building purpose-built facilities — closely comparable to Jet.AI's land/power acquisition and partner-led development approach.
  • Wheels Up: Publicly traded private aviation company offering on-demand charter, jet cards, and fractional ownership — most direct comparable to Jet.AI's CharterGPT booking app, jet card interchange program, and Lookbookandfly charter platform.
  • VistaJet: Global private jet operator offering membership-based and on-demand charter programs across multiple aircraft categories — comparable to Jet.AI's jet card and fractional offerings, and previously employed Jet.AI's CEO George Murnane.
  • flyExclusive: Publicly traded private jet operator and the pending merger partner acquiring Jet.AI's aviation assets — directly comparable on Citation/HondaJet charter, jet card, and fractional operations, and is the strategic counterparty for the SpinCo transaction.

Broad incumbents

  • Digital Realty Trust: Large-cap global data center REIT operating 300+ facilities across multiple continents — comparable as a hyperscale data center landlord/operator, though much larger and more diversified than Jet.AI's pre-development pipeline.
  • Equinix: Largest publicly traded colocation and interconnection data center operator — comparable for hyperscale data center development and tenant relationships, though Equinix focuses on retail colocation/interconnection versus Jet.AI's wholesale powered-land thesis.

Emerging players

  • Stack Infrastructure: Hyperscale-focused data center developer with campuses across the Americas — comparable wholesale powered-shell development model, though more advanced in build-out than Jet.AI.
  • CoreWeave: AI-focused cloud infrastructure provider operating large-scale GPU clusters in purpose-built data centers — comparable as a buyer/lessee of powered land for AI compute, representing the type of customer Jet.AI's development projects target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Jet.AI social profiles

Digital presence

Jet.AI financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Jet.AI leadership team

Management profile

Number of profiles

Profiles5 records

Jet.AI subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Jet.AI funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Jet.AI M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jet.AI

What does Jet.AI do?

Jet.AI develops AI data center infrastructure across North America by securing shovel-ready land, power, and connectivity for hyperscale AI workloads through three active projects (Manitoba, Maritimes, Moapa) with combined capacity exceeding 1 GW. The company also operates an aviation segment offering AI-powered private jet charter, jet card programs, and fractional ownership through its CharterGPT app, Ava AI assistant, and Look Book & Fly platform, which is being divested via a pending merger with flyExclusive.

Is Jet.AI a public or private company?

Jet.AI is a public company. It is classified as public and is currently operating.

When was Jet.AI founded?

Jet.AI was founded in 2018. It employs 1 to 10 people.

Where is Jet.AI based?

Jet.AI is headquartered in Las Vegas, United States, in the North America region.

How does Jet.AI make money?

Four revenue lines are on record. Private Jet Charter Services are the primary driver. The others are jet Card and Fractional Ownership, AI Data Center Infrastructure Development and investment Income.

Who are Jet.AI's main competitors?

Direct peers on record are Applied Digital, Vantage Data Centers, Compass Datacenters, Wheels Up, VistaJet and flyExclusive. Broad incumbents are Digital Realty Trust and Equinix. Emerging players are Stack Infrastructure and CoreWeave.

Does Jet.AI have an API?

No public API is recorded for Jet.AI.

What industry is Jet.AI in?

Jet.AI's product category is AI Data Center Infrastructure. Its primary akta.pro industry code is HDAEANAI, AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI). Its NAICS code is 4812 and its SIC code is 7373.

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Live signals
Markets DailyReviewing Jet.AI (NASDAQ:JTAI) & Global Crossing Airlines Group (OTCMKTS:JETMF)A comparison of Jet.AI and Global Crossing Airlines Group shows Global Crossing beats on 8 of 13 factors, including lower P/E and higher institutional ownership. Jet.AI has higher earnings but lower revenue, while Global Crossing trades at a lower valuation. Analyst ratings favor Global Crossing with a 2.00 score versus Jet.AI's 1.50.American Banking and Market NewsJet.AI (NASDAQ:JTAI) Cut to Strong Sell at Wall Street ZenWall Street Zen downgraded Jet.AI from hold to strong sell, while Weiss upgraded from sell (d-) to sell (d). The stock opened at $1.55, and the company reported a Q2 loss of $1.72 per share, missing the $0.19 consensus estimate.Markets DailyWall Street Zen Upgrades Jet.AI (NASDAQ:JTAI) to “Hold”Wall Street Zen upgraded Jet.AI to a hold rating, while Weiss Ratings kept it at a sell. The company reported a Q2 loss of $1.72 per share, missing the $0.19 consensus, with revenue of $5.32 million versus $1.10 million estimated.SahmcapitalWhy Is Jet.AI Stock Falling Friday?Jet.AI Inc. stock fell 12.50% in Friday's premarket trading following a 13.38% drop the previous session, as investors took profits after an explosive rally earlier in the week. The volatility stems from the company's announcement of a non-binding letter of intent for a proposed $320 million reverse takeover with a privately held company valued at approximately $300 million. The transaction, which includes a planned spin-off of Jet.AI's data center joint venture into a separate publicly traded entity, remains subject to due diligence, regulatory approvals, and negotiation of definitive agreements, with no assurance the deal will close.BenzingaWhy Is Jet.AI Stock Falling Friday? - Jet AI (NASDAQ:JTAI)Jet.AI stock fell 13.38% in Friday's premarket after a 12.50% drop, as investors took profits. The company signed a non-binding LOI for a $320 million reverse takeover, with shareholders receiving about $10 per share in cash and stock. The deal could add another $10 per share, with a final agreement expected within 90 days.AInvestXAN Rises 7% as Sector Shifts Unlock ValueXAN cryptocurrency surged 7.44% in 24 hours to $0.012602 on July 16, 2026, reflecting broader market optimism around tech sector realignments, alongside 19.49% weekly and 21.55% monthly gains despite a 23.32% annual decline. Jet.AI announced a non-binding letter of intent for a $320 million business combination with a private company, creating two separate publicly traded entities to separate AI infrastructure and data center assets. Xeriant received U.S. Patent No. 12,679,047 for its multilayered fire-resistant polymer composite technology, strengthening intellectual property protection for its DUREVER materials platform and NEXBOARD construction panels.SahmcapitalJet.AI Enters $300M Reverse Merger To Receive Stakes In Two Publicly Traded Companies Representing ~$10 Per Share In Additional Cash And Stock ValueJet.AI Inc. (NASDAQ:JTAI) announced it has entered into a non-binding letter of intent for a reverse takeover transaction with a privately held operating company, valuing the counterparty at approximately $300 million. Upon completion, the combined company is expected to be valued at approximately $320 million, with Jet.AI shareholders receiving approximately $10 per share in additional cash and stock consideration. As a condition of the transaction, Jet.AI will also spin off its data center joint venture and its beneficial ownership interest in AI Infrastructure Acquisition Corp (NYSE:AIIA) into a newly formed independent public company trading under the reserved ticker symbol "DCTR".Pulse 2.0flyExclusive Completes Acquisition of Jet.AI Aviation AssetsflyExclusive, a Kinston, North Carolina-based private aviation provider, has completed its previously announced acquisition of Jet.AI's aviation assets in a transaction that includes operating assets, future aircraft delivery positions, marketable securities, and cash. The acquired assets comprise Jet.AI's Jet Card member base, two HondaJet aircraft and one Citation CJ4, three future Citation CJ3 delivery positions scheduled for 2027, approximately $6.1 million in SpaceX-related securities held through a special purpose vehicle, and approximately $5.3 million in cash. flyExclusive described the deal as strategic capital allocation designed to simultaneously strengthen its fleet, grow its customer base, and increase financial flexibility.BenzingaWhy Is jet.ai Stock Soaring on Wednesday? - Jet AI (NASDAQ:JTAI)Jet.AI shares rose 21.56% in premarket trading after announcing a non-binding letter of intent for a $320 million business combination. The deal would give shareholders about $20 million, representing 5-6% ownership, and include a data center spin-off. The stock trades below its moving averages, with key resistance at $5.50.Seeking AlphaJet.AI signs LOI for $320M business combination; plans data center spin-offJet.AI announced on Tuesday that it has entered into a non-binding Letter of Intent to combine with a privately held company in a deal valued at approximately $320 million. Under the proposed transaction, Jet.AI would merge with the counterparty and continue trading, while also planning to spin off its data center business into a separate entity. The private company partner remains unnamed in the announcement, and the LOI is subject to further negotiation and due diligence.