JUST IN: Saudi AI Firm HUMAIN Invests $3B Into Elon Musk’s xAI
Saudi Arabia is making a bold move into frontier tech. AI company HUMAIN has invested $3 BILLION into Elon Musk’s xAI as part of its latest Series E funding round — becoming a significant minority stakeholder.
But here’s where it gets interesting…
Shortly after the round, xAI was reportedly acquired by SpaceX, meaning HUMAIN’s investment is now effectively converted into SpaceX equity.
In one strategic move, Saudi sovereign AI capital now has exposure to:
→ Advanced AI Infrastructure
→ Musk’s AI ecosystem
→ SpaceX’s long-term tech moat
This builds on their previously announced 500MW AI data center partnership, as Saudi Arabia pushes to position itself as a global AI hub under Vision 2030.
Capital is rotating.
Oil → AI
Energy → Compute
Nation states → Frontier Tech
Watch this space 👀