Humain invests $3B in xAI during Series E funding before SpaceX merger
Humain (Saudi PIF) invested $3B in xAI during its Series E; holdings converted into SpaceX shares.
Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund (PIF), made a strategic $3 billion investment in Elon Musk’s xAI during its Series E funding round, according to a statement from the company. The investment took place shortly before xAI was acquired by SpaceX, Musk's space exploration company, making Humain a significant minority shareholder.
Through this deal, Humain’s shares in xAI were converted into SpaceX stock, further strengthening its position in cutting-edge technology sectors. The announcement also highlighted a broader partnership between Humain and xAI, first revealed at the US-Saudi Investment Forum in November 2025. The collaboration includes plans to develop over 500 megawatts of advanced AI data center and computing infrastructure and deploy xAI’s Grok models in Saudi Arabia.
In January 2026, xAI raised $20 billion during an upsized Series E funding round, surpassing its initial $15 billion target. The company stated that the funding would support the rapid development of transformative AI products, advance research efforts, and accelerate infrastructure expansion.
A month after this successful funding round, xAI was acquired by SpaceX, merging Musk’s AI innovation with his space technology ambitions. This merger represents a notable step in integrating advanced AI with space exploration endeavors.
Humain, which was established just last year by PIF, has been rapidly expanding its influence in the AI and technology sectors. The company has secured multiple agreements, including partnerships with xAI and Blackstone-backed AirTrunk for data center projects in Saudi Arabia, aiming to achieve a data center capacity of about 6 gigawatts by 2034.
In addition to these efforts, Humain revealed its plans to continue investing in AI, frontier technologies, and critical infrastructure. Last month, the company signed a financing agreement with Saudi Arabia’s National Infrastructure Fund for up to $1.2 billion to support the kingdom’s AI and digital infrastructure expansion.
As Humain continues to make bold moves in emerging technologies, its investments in xAI and SpaceX signal its commitment to shaping the future of artificial intelligence and infrastructure development on a global scale.
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