Saudi Arabia’s Humain Pumps $3B into Musk’s xAI Preceding SpaceX Merger
Saudi Arabia’s artificial intelligence firm, Humain, declared on Wednesday a $3 billion strategic investment in Elon Musk’s xAI. This move is a part of the company’s Series E funding round, concluded just before xAI’s acquisition by SpaceX in early February.
The investment positioned Humain, a Public Investment Fund company, as a significant minority shareholder in xAI. The holdings were subsequently converted into SpaceX shares, representing approximately 0.24% ownership in the combined $1.25 trillion company, as per Bloomberg estimates.
This deal further solidifies the relationship between Musk’s ventures and Saudi Arabia. The latter has been making AI development a key component of its economic diversification strategy, moving away from oil dependency. The investment is a continuation of a partnership announced in November 2025 at the US-Saudi Investment Forum. Both companies pledged to:
- Jointly develop more than 500 megawatts of AI data center infrastructure in Saudi Arabia
- Deploy xAI’s Grok AI models throughout the kingdom
Founded in 2025, Humain aspires to manage 7% of the world’s AI training and inferencing workloads by 2030. It has been actively seeking investments in frontier AI technologies and critical infrastructure.
Source: Bloomberg