# Jet.AI shares have fallen more than 33% since the reverse split Wednesday morning.

*business · news · 2026-04-09 · Benzinga*

## Key points

- Jet.AI invested $5 million in a special purpose vehicle linked to SpaceX and xAI.
- Jet.AI executed a 200-to-1 reverse stock split, reducing shares from 129.4 million to 646,800.
- The reverse split significantly tightened Jet.AI's float but did not address prior dilution.
- JTAI shares have dropped over 33% since the reverse split was implemented.

**Companies:** SpaceX, Jet.AI

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51730486/jetai-stock-tanks-can-a-5m-ticket-to-elon-musks-spacex-world-save-it)

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