Humain's capital injection was part of xAI’s $20 billion Series E funding round, which concluded last month without previously disclosing the Saudi firm's participation. Following the subsequent merger, Humain’s shares were converted into equity in SpaceX, valuing the consolidated enterprise at approximately $250 billion, according to reports from The Wall Street Journal. Humain CEO Tareq Amin characterized the investment as a commitment to a "high-impact platform" created by one of the largest technology mergers on record.
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Saudi Firm Humain Takes $3 Billion Stake in Musk’s xAI-SpaceX Entity
Humain, a Saudi Arabian artificial intelligence firm, revealed a $3 billion investment in Elon Musk’s xAI just weeks before the startup merged with SpaceX. The move secures the government-backed company a significant minority stake in the combined aerospace and AI giant ahead of a highly anticipated initial public offering slated for later this year.
Expanding AI Infrastructure in the Gulf
The financial commitment coincides with a deepening operational partnership. In November, xAI and Humain announced a joint venture to develop more than 500 megawatts of data center capacity and computing infrastructure. The project aims to deploy Grok, xAI’s suite of large language models, across Saudi Arabia to bolster the kingdom's domestic tech ecosystem.The Series E round attracted a diverse group of institutional and strategic backers, including:
- The Qatar Investment Authority and Nvidia
- Fidelity Management & Research Company and the investment arm of Cisco
- Tesla, which contributed $2 billion to the funding round
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