Jet.AI shares rise 12.68% premarket after joint venture for 50MW data center and strategic AI infrastructure shift.

Jet.AI Inc. (NASDAQ: JTAI) surged 12.68% in premarket trading following announcements of a joint venture with Choo Choo Express LLC to develop a 50-megawatt data center in Nevada, projected at a $500 million enterprise value, and the finalization of 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. The data center projects in Manitoba, the Canadian Maritimes, and Nevada, with potential returns ranging from $300 million to $2.5 billion, underscored the company’s strategic shift to AI infrastructure. The sale of the aviation business would reduce operating costs by 30% and provide shareholders with 4 million flyExclusive shares. These developments positioned Jet.AI as a growth-focused play in the data center sector, attracting investor optimism amid strong financing options and clear value scenarios.