Saudi Arabia's Humain Invests $3 Billion in Elon Musk's xAI Ahead of SpaceX Merger
6 Sources
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Saudi's Humain invested $3 billion in xAI's Series E funding round
Feb 18 (Reuters) - Saudi Arabia's Humain, the kingdom's artificial intelligence company, said on Wednesday it had invested $3 billion in Elon Musk's xAI as a part of its Series E funding round just prior to its acquisition by SpaceX. The investment made Humain a "significant" minority shareholder,
[2]
Elon Musk's xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm
Saudi Arabia's state-backed artificial intelligence company, Humain, said on Wednesday that it had invested $3 billion in Elon Musk's xAI, deepening the country's financial ties with the tech billionaire. Humain, the Riyadh-based A.I. company created last year by Crown Prince Mohammed bin Salman,
[3]
Humain CEO Tareq Amin Injects $3B Into Elon Musk's xAI to Power Saudi A.I. Ambitions
Tareq Amin is deploying Saudi capital into Elon Musk's xAI as part of a broader strategy to build domestic infrastructure and reshape global A.I. alliances. Tareq Amin, CEO of Saudi Arabia's largest A.I. company, Humain, has been on a dealmaking blitz since taking the helm of the Kingdom's
[4]
Saudi Arabia's Humain Backs Elon Musk's AI Ambitions With $3 Billion xAI Stake | PYMNTS.com
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. With its xAI holdings converted into SpaceX shares, Humain became a significant
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Saudi Humain invests $3bn in Elon Musk's xAI
Image: Getty Images Saudi Arabia's Humain, the kingdom's artificial intelligence company, said on Wednesday it had invested $3bn in Elon Musk's xAI as a part of its Series E funding round just prior to its acquisition by SpaceX. The investment made Humain a "significant" minority shareholder,
[6]
Saudi Arabia's Humain invests $3 billion in Elon Musk's xAI By Investing.com
Investing.com -- Saudi Arabia-backed artificial intelligence company Humain has invested $3 billion in Elon Musk's AI startup xAI, according to a statement released Wednesday. The investment made Humain a "significant minority shareholder" in xAI just before the AI company was acquired by Musk's
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Saudi Arabia's AI company Humain invested $3 billion in Elon Musk's xAI during its Series E funding round, just before xAI merged with SpaceX. The investment made Humain a significant minority shareholder, with holdings converted into SpaceX shares. The move deepens Saudi Arabia's AI ambitions and its strategic ties with Musk as the kingdom seeks to diversify its economy beyond oil.
Saudi Arabia's Humain Makes Strategic $3 Billion Investment in xAI
Saudi Arabia's Humain, the kingdom's state-backed artificial intelligence company, announced a $3 billion investment in Elon Musk's xAI as part of its Series E funding round, positioning itself as a significant minority shareholder in one of the most closely watched AI ventures
1
. The investment was made just before Elon Musk announced the acquisition of xAI by SpaceX, creating a combined entity valued at more than $1 trillion2
. With its xAI holdings converted into SpaceX shares, Humain now holds equity in a company that serves as a critical American government contractor, operating military and intelligence satellites as well as Starlink, the world's largest satellite internet provider2
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Source: NYT
Timing and Strategic Value of the Series E Funding Round
The timing of Humain's investment could generate substantial returns for Saudi Arabia. In January, xAI raised $20 billion in an upsized Series E funding round as the company accelerated deployment of new models and data center infrastructure to compete with rivals OpenAI and Anthropic
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. Just one month after the fundraise announcement, SpaceX acquired xAI in what represents one of the largest technology mergers on record4
. Elon Musk is reportedly planning an initial public offering of the combined company later this year, which could produce a financial windfall for the Saudi firm2
.Building Data Center Infrastructure and Expanding Compute Capacity
The $3 billion investment builds on a partnership announced between Humain and xAI in November at the U.S.-Saudi Investment Forum, where both firms committed to jointly develop 500 megawatts of AI data center infrastructure
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. The facility will be xAI's first outside the United States and will run on Nvidia chips while deploying the company's Grok models across the kingdom3
. Humain CEO Tareq Amin emphasized that the investment reflects the company's ability to "deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge"4
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Source: PYMNTS
Saudi A.I. Ambitions and Economic Diversification Strategy
Saudi Arabia is aggressively boosting its artificial intelligence ambitions as it seeks to capitalize on growing demand for compute capacity and diversify revenue sources away from oil
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. Founded in 2025 by Crown Prince Mohammed bin Salman and backed by Saudi Arabia's massive sovereign wealth fund, the Public Investment Fund, Humain sits at the center of the kingdom's push to diversify its economy beyond oil3
. Humain aims to handle 7% of the world's AI training and inferencing workloads by 2030, positioning itself as the AI leader in the Middle East4
.Related Stories
Tareq Amin's Dealmaking Strategy and Global Partnerships
Tareq Amin, who previously led Aramco Digital and Japan's Rakuten Mobile, has been on a dealmaking blitz since taking the helm of Humain
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. Beyond the xAI investment, Humain has struck deals with chipmaker Advanced Micro Devices and networking firm Cisco Systems to develop data centers, with one joint venture aiming to build domestic AI infrastructure capable of powering up to one gigawatt2
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. The Saudi firm has also backed the start-up Luma AI, which is building video-generation tools2
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Source: Observer
Regional Competition and Semiconductor Access
Saudi Arabia's AI ambitions have been aided by the Trump administration's policy shifts. In November, during Crown Prince Mohammed's visit to Washington, the United States and Saudi Arabia reached an agreement allowing the kingdom to buy U.S. semiconductors needed to power AI
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. Humain and the United Arab Emirates' AI company G42 received U.S. approval to acquire up to 35,000 advanced AI chips each, marking a sharp reversal from earlier export restrictions3
. This development comes as Saudi Arabia competes with the UAE to become the main AI hub in the region, with the Emirates striking deals with OpenAI for a massive data center complex in Abu Dhabi2
.References
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