Saudi cash fuels Musk’s next frontier
Elon Musk’s crap factory xAI has secured a $3 billion investment from Saudi-backed HUMAIN, converting the stake into shares of the soon-to-be combined xAI–SpaceX entity. A kingdom-supported investor is now a significant minority owner in the same company that launches U.S. national security payloads, deploys Starlink satellites across conflict zones, and holds some of the most sensitive private aerospace infrastructure on the planet.
Just another routine funding round in the age of billionaires and sovereign wealth.
The investment expands on an existing partnership announced in November 2025 at the U.S.-Saudi Investment Forum. Under that agreement, HUMAIN and xAI committed to jointly develop more than 500 megawatts of next-generation AI data center and compute infrastructure in Saudi Arabia.
The collaboration also includes deployment of xAI’s Grok models within the kingdom, aligning with Saudi Arabia’s broader strategy to build domestic AI capacity and attract global technology players.
HUMAIN, backed by the Public Investment Fund, is positioning itself as a full-stack AI player spanning advanced data centers, cloud infrastructure, AI models, and applied solutions. The Series E investment deepens its role from development partner to major shareholder in the Musk-led AI and space platform.
When a Saudi-backed firm becomes a major shareholder in a company that builds rockets, runs satellite networks, and increasingly shapes the digital and military backbone of Western infrastructure, it’s fair to ask whether this is just venture investing or something a bit more strategic.
Space may be borderless. Ownership isn’t.
I'm sure the very relaxed Saudi government will be perfectly happy with their citizens sharing AI-generated nude and undressed images of women.