HUMAIN invests $3B in xAI, converts stake into SpaceX shares

Logo of HUMAIN

HUMAIN, a portfolio company of Saudi Arabia’s Public Investment Fund (PIF) specializing in integrated artificial intelligence solutions, invested $3 billion in xAI Corp. as part of a Series E funding round.

After the round closed, HUMAIN becomes a significant minority shareholder in xAI, with its stake later converted into shares in SpaceX, laying the groundwork for long-term capital returns ahead of xAI’s merger with SpaceX.

The company said the transaction represents a comprehensive capital investment and reflects the continued expansion of its long-term strategy focused on leading global technology platforms.

HUMAIN said combining xAI’s advanced AI capabilities with SpaceX’s scale, infrastructure and mission-driven engineering approach creates a platform to accelerate growth, deepen technological integration and generate sustainable value.

It added that participation in the Series E round strengthens its position as a long-term strategic investor able to support companies across multiple growth stages.

The company highlighted its ability to provide an integrated AI ecosystem across four pillars: next-generation data centers, high-performance infrastructure and cloud platforms, advanced AI models, and transformative AI solutions.

HUMAIN said it continues to explore additional investment opportunities in artificial intelligence, advanced technologies and critical digital infrastructure, reinforcing its leadership in the sector.