HUMAIN Invests $3 Billion In xAI, Converts Stake

HUMAIN, a portfolio company of Saudi Arabia’s Public Investment Fund, invested $3 billion in xAI Corp. in a Series E funding round, becoming a significant minority shareholder whose stake was later converted into SpaceX shares ahead of xAI’s merger with SpaceX. The firm said the transaction advances its long-term strategy to build an integrated AI ecosystem across data centers, infrastructure, models and solutions.