Elon Musk’s artificial intelligence venture, xAI, has secured $3 billion from Saudi-based Humain as part of a broader $20 billion Series E round. The deal closed shortly before xAI’s absorption into SpaceX, making it one of the largest single-ticket investments in a private AI firm in recent years. Humain becomes a significant minority shareholder, with its stake converting into SpaceX equity following the merger.
The investment underscores rising Middle Eastern participation in frontier technology. Humain described the transaction as a strategic deployment aligned with long-term ambitions to back category-defining platforms. The funding arrives as xAI scales in a competitive market shaped by OpenAI’s ChatGPT and Anthropic’s Claude. xAI develops Grok, integrated into X, positioning itself at the intersection of generative AI and real-time social data.
The deal aligns with Saudi Arabia’s push to become a global AI hub. Earlier financing rounds included $10 billion in debt and equity arranged by Morgan Stanley, alongside a $6 billion Series B backed by global investors. Analysts say the Saudi capital strengthens xAI’s balance sheet while deepening sovereign-backed infrastructure partnerships in the Gulf.
