Saudi HUMAIN Invests $3 Billion in Elon Musk's xAI Company
Saudi PIF-owned HUMAIN invested $3B in xAI, gaining a minority stake in SpaceX and partnering on AI infrastructure.
Saudi Arabia’s HUMAIN, a prominent artificial intelligence (AI) company wholly owned by the nation’s Public Investment Fund (PIF), has invested US$3 billion in Elon Musk’s xAI during its Series E funding round. This move marks a significant milestone in HUMAIN’s strategy to back transformative AI platforms with long-term potential.
The investment was finalized prior to xAI’s merger with SpaceX, Elon Musk’s space exploration company, which occurred earlier this month. As a result of this transaction, HUMAIN has now become a notable minority shareholder in SpaceX, further amplifying its presence in cutting-edge technology sectors.
In a statement, Tareq Amin, CEO of HUMAIN, emphasized the company’s vision behind this substantial commitment. "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", he said. He further noted, "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."
HUMAIN’s Growing Global AI Ambitions
Founded in 2025 by Saudi Arabia's Crown Prince and Prime Minister HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, HUMAIN aims to spearhead the development of full-stack AI capabilities on a global scale. Chaired by the Crown Prince, the company focuses on providing AI-driven products and services, including advanced AI solutions, multimodal Arabic large language models (LLMs), and next-generation data and cloud infrastructure.
HUMAIN’s collaboration with xAI extends beyond financial investment. The two companies forged a partnership at the US-Saudi Investment Forum in November 2025. As part of this agreement, they will jointly develop 500 megawatts of AI data center and compute infrastructure. Additionally, xAI’s Grok models will be implemented in Saudi Arabia, further bolstering the nation’s AI ecosystem.
Positioning Ahead of SpaceX’s IPO
HUMAIN’s investment also positions the company to benefit from SpaceX’s highly anticipated initial public offering (IPO), which is scheduled for June 2026. As reported by Bloomberg in January, the IPO is expected to raise as much as US$30 billion, potentially reaching a valuation of US$1.6 trillion. By becoming a SpaceX shareholder ahead of this event, HUMAIN is securing its stake in one of the most valuable technology companies globally.
This investment underscores Saudi Arabia’s commitment to diversifying its economy through technology and innovation, aligning with its broader Vision 2030 initiative. By backing Elon Musk’s xAI and SpaceX, HUMAIN is positioning itself at the forefront of the rapidly evolving AI and space industries.
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