Riyadh - Sharikat Mubasher: HUMAIN, Saudi Arabia’s artificial intelligence (AI) company owned by the Public Investment Fund (PIF), announced a $3 billion strategic investment in xAI as part of the company’s Series E financing round.

As a result of this transaction, HUMAIN became a significant minority shareholder in xAI, with its holdings subsequently converted into shares in SpaceX, the PIF-owned company revealed in a statement today.

The investment represents a significant, end-to-end capital deployment for HUMAIN and reflects continued momentum in the company’s long-term investment strategy focused on category-defining technology platforms.

Tareq Amin, CEO of HUMAIN, commented: “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 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 round reinforces its role as a scaled, long-term strategic investor capable of supporting companies across multiple stages of growth and delivering full-stack AI capabilities. Its strategy includes injecting additional investments across AI, frontier technologies, and critical infrastructure.