Saudi Arabia's Humain invests $3b in xAI

HUMAIN, a Saudi Arabia-based AI company backed by the Public Investment Fund, invested US$3 billion in xAI’s series E funding round before its acquisition by SpaceX in early February 2026.

The investment made HUMAIN a significant minority shareholder in xAI, with its holdings converted into SpaceX shares following the merger.

The deal coincides with HUMAIN’s ongoing partnership with xAI, including a joint project to develop over 500 MW of AI data center infrastructure in Saudi Arabia.

The investment aligns with HUMAIN’s broader strategy to support frontier AI technologies and infrastructure development.

The merger with SpaceX is expected to accelerate xAI’s growth and technological integration, positioning the platform for long-term expansion.

HUMAIN’s participation in the funding round emphasizes its role as a strategic investor in AI and infrastructure sectors.

🔗 Source: Humain

🧠 Food for thought

Implications, context, and why it matters.

The investment gives HUMAIN a stake and a path into SpaceX

HUMAIN put $3 billion into xAI through its Series E round before SpaceX acquired xAI in early February 2026 1.
After the acquisition, HUMAIN said it held a significant minority stake in xAI, then the position converted into SpaceX shares 1.
The two groups plan to roll out xAI’s Grok models in Saudi Arabia, plus connect Grok with HUMAIN ONE (a software system designed to run AI “agents,” or task-oriented AI assistants) 2.

Saudi Arabia’s push for domestic AI capacity

The agreement fits Saudi Arabia’s AI and data centre plans, since a Saudi data centre strategy cited by Data Centre Magazine sets a goal of about 1.5 GW of total capacity by 2030 3.
HUMAIN and xAI said they intend to jointly build over 500 MW of next-generation AI data center and compute infrastructure in Saudi Arabia 1.
The project also tracks a broader pattern of national sovereign wealth funds (state-owned investment funds) funding AI and infrastructure, while xAI and HUMAIN have called this xAI’s first large-scale compute deployment outside the United States 4.