Humane, a Saudi Arabian artificial intelligence (AI) company, announced on the 18th (local time) that it has invested $3 billion (approximately 4.359 trillion won) in xAI, a company founded by Elon Musk.
Humane participated in xAI’s $20 billion Series E funding round. This funding round concluded right before xAI was acquired by Musk’s space company SpaceX.
Through this deal, Humane secured a “significant minority stake” in xAI. This stake will later be converted into SpaceX stocks. Bloomberg reported that Humane’s stake in the combined company is estimated to be around 0.24%. The combined company’s value is estimated at about $1.25 trillion.
Humane was established in 2025 with support from the Saudi Public Investment Fund (PIF). Saudi Arabia is fostering AI as a key industry in its strategy to move away from oil dependency. In November last year, the two companies announced plans to build a 500-megawatt data center in Saudi Arabia and introduce the generative AI ‘Grok’.
xAI operates the social media platform X and the chatbot Grok. Its major clients include Musk-affiliated companies such as SpaceX and Tesla. It has also been expanding contracts with U.S. government agencies recently.
Tareq Amin, CEO of Humane, stated, “This investment demonstrates Humane’s confidence in transformative artificial intelligence (AI) and our ability to commit significant capital to an opportunity that combines long-term vision, technical capability, and execution power.”
Reporter Jin-hyung Park jin@etnews.com