Saudi Arabia’s HUMAIN becomes a shareholder in xAI after investing $3 billion

 

Saudi Arabia’s HUMAIN invested $3 billion in xAI before acquisition by SpaceX

Saudi Arabia’s HUMAIN, an artificial intelligence company backed by the Public Investment Fund (PIF), has announced a $3 billion strategic investment in xAI as part of the company’s Series E funding round.

The investment was completed shortly before xAI’s acquisition by SpaceX in early February, placing HUMAIN at what it described as a pivotal moment in the platform’s expansion and integration. The Saudi firm said the move represents a major end-to-end capital deployment aligned with its long-term strategy of backing category-defining technology platforms.

Following the Series E round, HUMAIN became a significant minority shareholder in xAI. As part of the merger, its stake was converted into shares in SpaceX, providing exposure to long-term equity upside linked to xAI’s final financing round prior to the acquisition.

 

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According to HUMAIN, the integration of xAI’s artificial intelligence capabilities with SpaceX’s engineering scale and infrastructure creates a platform positioned for accelerated growth, deeper technological integration, and sustained value creation.

“This investment reflects HUMAIN’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge,” said Tareq Amin, CEO of HUMAIN. He described xAI’s trajectory—further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record—as precisely the type of high-impact platform HUMAIN aims to support.

HUMAIN said its participation in the Series E round underscores its role as a long-term strategic investor capable of supporting companies across multiple growth stages. The company focuses on delivering AI capabilities across four core areas: next-generation data centers, high-performance infrastructure and cloud platforms, advanced AI models, and AI-driven solutions.

The investment builds on a partnership announced in November 2025 at the US-Saudi Investment Forum, where HUMAIN and xAI agreed to jointly develop more than 500 megawatts of next-generation AI data center and compute infrastructure in Saudi Arabia. The agreement also includes deploying xAI’s Grok models in the Kingdom.

 

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HUMAIN said these initiatives deepen its alignment with xAI and extend its role from strategic partner to global shareholder. The company added that it intends to pursue further investments in artificial intelligence, frontier technologies, and critical infrastructure as part of its broader strategy.

Established by PIF in May 2025, HUMAIN has been positioned as a national champion for Saudi Arabia’s AI ambitions.

Source: Al Arabiya