Elon Musk's xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm

https://www.nytimes.com/2026/02/18/business/xai-humain-saudi-musk-spacex.html

https://archive.ph/jYvZ8

Elon Musk’s xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm
Humain, which was created by Crown Prince Mohammed bin Salman last year, said it made the investment just before xAI was acquired by SpaceX, Mr. Musk’s rocket company.
By Adam Satariano
Feb. 18, 2026, 9:35 a.m. ET

Saudi Arabia’s state-backed artificial intelligence company, Humain, said on Wednesday that it had invested $3 billion in Elon Musk’s xAI, deepening the country’s financial ties with the tech billionaire.

Humain, the Riyadh-based A.I. company created last year by Crown Prince Mohammed bin Salman, said it made the investment just before Mr. Musk announced that he had combined xAI with his rocket company, SpaceX, creating a business worth more than $1 trillion.

Humain’s investment made it “a significant minority shareholder in xAI, with its holdings subsequently converted into shares in SpaceX,” the Saudi company said in a statement.

The timing of the investment could produce a financial windfall for the Saudi firm. Mr. Musk is said to be planning an initial public offering of the combined company later this year.

The deal gives Saudi Arabia a stake in a key American government contractor. SpaceX, the world’s biggest rocket maker, plays an important role in U.S. national security systems, launching military and intelligence satellites. The company also operates Starlink, the biggest satellite internet provider, whose technology has been critical for Ukraine’s military defenses.



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