""This investment reflects HUMAIN's conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge, xAI's trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital" HUMAIN CEO Tareq Amin stated."
"The transaction converts HUMAIN's xAI stake into SpaceX shares, positioning the Saudi-backed firm as a significant minority shareholder in the newly combined entity. The investment gives HUMAIN exposure to what has been described as one of the largest technology mergers on record, combining xAI's artificial intelligence capabilities with SpaceX's scale, infrastructure, and engineering base, as noted in a press release."
HUMAIN completed a $3 billion Series E investment in xAI days before xAI's merger with SpaceX. The transaction converts HUMAIN's xAI stake into SpaceX shares, making HUMAIN a significant minority shareholder in the combined entity. The deal provides HUMAIN exposure to a major technology merger that pairs xAI's artificial intelligence capabilities with SpaceX's scale, infrastructure, and engineering resources. The investment creates potential long-term equity upside if SpaceX pursues a public offering. The deal builds on a November 2025 partnership to jointly develop over 500 megawatts of next-generation AI data center and compute infrastructure in Saudi Arabia.
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