HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, announced a $3 billion strategic investment in xAI as part of the company’s Series E financing round. The transaction represents a significant, end-to-end capital deployment for HUMAIN, reflecting continued momentum in its long-term investment strategy focused on category-defining technology platforms.
The investment comes at a highly compelling inflection point for xAI, preceding its acquisition by SpaceX in early February. The combination of xAI’s advanced artificial intelligence capabilities with SpaceX’s scale, infrastructure, and mission-driven engineering creates a uniquely positioned platform for accelerated growth, deep technological integration, and long-term value creation.
As a result of the Series E transaction, HUMAIN became a significant minority shareholder in xAI, with its holdings subsequently converted into shares in SpaceX. The transaction creates a solid platform for HUMAIN‘s exposure to long-term equity upside, reflecting participation in xAI’s final financing round ahead of the merger.
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“This investment reflects HUMAIN’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge,” said Tareq Amin, CEO of HUMAIN. “xAI’s trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital.”
HUMAIN’s participation in the Series E round reinforces its role as a scaled, long-term strategic investor capable of supporting companies across multiple stages of growth, while delivering full-stack AI capabilities across four core areas: next-generation data centers; high-performance infrastructure and cloud platforms; advanced AI models; and transformative AI solutions.
The investment builds on the large-scale partnership announced in November 2025 at the U.S.-Saudi Investment Forum, under which HUMAIN and xAI committed to jointly develop more than 500MW of next-generation AI data center and compute infrastructure and to deploy xAI’s Grok models in Saudi Arabia. Together, these initiatives deepen long-term alignment and extend HUMAIN’s role from strategic partner to leading global shareholder in xAI.
SOURCE: PRNewswire