Saudi Arabia's HUMAIN Invests US$3 Billion In Elon Musk's xAI

Saudi Arabia’s HUMAIN has made an investment of US$3 billion in the Series E funding round raised by xAI, the artificial intelligence (AI) company founded by Elon Musk.

The investment was made prior to xAI’s merger with SpaceX, another of Musk's companies, which took place earlier this month. HUMAIN—which is wholly owned by Saudi Arabia's Public Investment Fund (PIF)—is thus now a significant minority shareholder in SpaceX. 

In a statement, Tareq Amin, CEO of HUMAIN, said, “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,xAI’s trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital.”

Established in 2025 by Saudi Arabia Crown Prince and Prime Minister HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, HUMAIN is a PIF-owned company that develops full-stack AI capabilities globally. Chaired by the Crown Prince, it aims to provide a range of AI services, products, and tools, ranging from next-generation data centers, AI infrastructure and cloud capabilities, advances AI models and solutions, in addition to multimodal Arabic large language models (LLMs).

HUMAIN’s investment in xAI follows a partnership between the two companies that was forged at the US-Saudi Investment Forum in November 2025, which will see them jointly develop 500 megawatts of AI data center and compute infrastructure, as well as deploy xAI’s Grok models in Saudi Arabia.

HUMAIN has also become a minority shareholder in SpaceX ahead of the latter's highly anticipated initial public offering (IPO), set to commence in June 2026. In January, Bloomberg reported that the IPO is expected to raise as much as $30 billion at a valuation that could reach $1.6 trillion.