Saudi Arabia’s artificial intelligence firm Humain has invested $3 billion into Elon Musk’s xAI during its Series E funding round, securing a significant minority ownership stake shortly before the company’s acquisition by SpaceX.
The investment was converted into SpaceX shares following the consolidation, positioning the Saudi-backed entity within Musk’s broader technology ecosystem spanning artificial intelligence infrastructure and advanced aerospace engineering development.
Expansion Of AI Infrastructure Partnership
The deal builds upon a previously announced collaboration where Humain and xAI agreed to develop 500 megawatts of artificial intelligence data centre capacity, aimed at supporting high-performance computing and large-scale model training operations.
Saudi Arabia views the initiative as central to its strategy of diversifying economic revenue beyond oil, while competing globally in demand for computing power required by emerging generative AI platforms and enterprise applications.
In January, xAI raised $20 billion in an expanded funding round as it accelerated deployment of new models and infrastructure designed to challenge established competitors OpenAI and Anthropic within the rapidly evolving market.
SpaceX Acquisition Reshapes Musk’s Technology Network
One month later, SpaceX acquired xAI in a consolidation move linking the artificial intelligence startup with rocket and satellite capabilities, creating potential integration across communication networks, space data systems, and autonomous computing platforms.
Humain’s share conversion into SpaceX equity effectively ties Saudi investment exposure to a broader portfolio of advanced technologies, rather than a standalone AI firm, increasing long-term strategic alignment with Musk’s innovation projects.
