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Saudi Fund Invests $3 Billion in xAI Ahead of SpaceX Deal

2/21/2026

30 6 Full Breakdown

Summary

Story summary

The Saudi Public Investment Fund's subsidiary HUMAIN announced a $3 billion investment in xAI as part of Series E.
The investment positions HUMAIN as a significant minority shareholder ahead of SpaceX's acquisition of xAI.
The deal builds on a prior partnership to develop a 500 MW AI data center in Saudi Arabia.
HUMAIN's Chief Executive Officer Tarek Amin emphasized the investment's transformational AI potential.

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Story summary

The Saudi Public Investment Fund's subsidiary HUMAIN announced a $3 billion investment in xAI as part of Series E.
The investment positions HUMAIN as a significant minority shareholder ahead of SpaceX's acquisition of xAI.
The deal builds on a prior partnership to develop a 500 MW AI data center in Saudi Arabia.
HUMAIN's Chief Executive Officer Tarek Amin emphasized the investment's transformational AI potential.