Jet.AI shares surge 28.03% intraday after joint venture for 50-MW data center in Nevada and strategic shift to AI infrastructure.

Jet.AI surged 28.03% intraday following announcements of a joint venture with Choo Choo Express LLC to develop a 50-megawatt, $500 million enterprise value data center in Nevada, and progress on its aviation business sale to flyExclusive. The shareholder letter highlighted $9 million in cash, no debt, and a 49.5% stake in AI Infrastructure Acquisition Corp. (AIIA), valued at $17 million, while outlining data center projects in Manitoba, the Canadian Maritimes, and Nevada with potential returns ranging from $300 million to $2.5 billion. The sale of the aviation business would reduce operating costs by 30% and provide shareholders with 4 million flyExclusive shares. These developments, including strategic partnerships, financing flexibility via $50 million and $35 million facilities, and clear value scenarios for data center projects, positioned Jet.AI as a high-growth AI infrastructure play, driving investor optimism.