flyExclusive Closes Jet.AI Asset Buy, Adding Fleet, SpaceX Stake, and $5.3M Cash
JTAI is trading near its 52-week low of $5 (5.4% below the low).
Summary
flyExclusive completed its acquisition of Jet.AI's aviation assets, closing the deal approved by Jet.AI shareholders on July 2. The transaction brings flyExclusive two HondaJets, a Citation CJ4, $4.1M securing three future CJ3 delivery slots, $6.1M in SPCX securities (SpaceX tracker), and $5.3M in cash. For Jet.AI, this marks the final step in its pivot away from aviation, providing liquidity and shedding operating assets. The SPCX stake adds a speculative element—flyExclusive plans to monetize it, but lock-ups extend to December 2026. The deal strengthens flyExclusive's fleet and customer base while giving Jet.AI a cleaner post-merger structure.
At the time of this announcement, JTAI was trading at $4.73 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.1M. The 52-week trading range was $5.00 to $804.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.