Humain, the Saudi artificial intelligence company, has invested $3 billion in Elon Musk’s xAI, positioning itself as a “major minority shareholder” ahead of the startup’s merger with SpaceX.
The funding was part of xAI’s Series E round, with Humain’s stake set to convert into SpaceX shares once the merger is completed. SpaceX, controlled by Musk, announced earlier this month that it would acquire xAI and is reportedly preparing for an initial public offering later this year.
Humain joins Abu Dhabi’s MGX and Qatar’s sovereign wealth fund in backing Musk’s AI venture, reflecting a broader surge of Gulf investments in artificial intelligence. The investment also builds on Humain and xAI’s 500MW AI infrastructure partnership in Saudi Arabia.
Last week, the Saudi firm said it acquired a controlling stake in London-based AI sports technology firm ai.io.
Across the Gulf, sovereign wealth funds are accelerating multibillion-dollar investments in AI, semiconductors, data centers, and advanced software, moving beyond traditional hydrocarbon-focused strategies. Initiatives in the UAE, Qatar, and Saudi Arabia are aimed at supporting AI leaders and expanding computing infrastructure, securing the region’s role in the global technology ecosystem.
📌 Why it matters: Gulf sovereign funds are now key players in global AI and high-tech ventures, joining innovators like Elon Musk to shape the next generation of artificial intelligence and space technologies.
📌 Bottom line: Humain’s $3 billion commitment to xAI, combined with SpaceX’s planned merger and IPO, underscores the strategic pivot of Gulf capital toward high-tech innovation, signaling the region’s growing influence in the global AI and space technology landscape.
