A major push into artificial intelligence is led by Humain, backed by the Saudi Public Investment Fund, investing in xAI, which subsequently becomes part of SpaceX, signaling a strategic expansion in AI capabilities.

The merger positions Musk’s AI and space ventures as a broader technology ecosystem, with a tentative combined value around $1.25 trillion.

The Series E round followed a high-profile November 2025 partnership at the U.S.–Saudi Investment Forum to build over 500 MW of AI data center and compute infrastructure in Saudi Arabia and deploy xAI’s Grok models.

The press release includes standard forward-looking statements and risk disclosures, noting there is no obligation to update.

Media contact details for HUMAIN accompany the forward-looking statements and risk disclosures.

Context notes macro dynamics such as oil price pressures and demand affecting Saudi mega-projects like Neom and Red Sea developments.

The report was published February 19, 2026, by The Hindu as a premium article.

Public reactions are mixed, with enthusiasm for diversification and tech leadership, but concerns about geopolitical influence, national security, and dependence on Gulf capital in Western tech ventures.

Supporters view the move as a strategic leap for Vision 2030 and Gulf AI leadership, while critics point to geopolitical implications and reliance on Musk-era ventures.

Observers note potential benefits like job creation and regional diversification, alongside governance, ethical, and strategic concerns about deploying AI with non-Western ecosystems.

Analyses reference Gulf data-center edge AI considerations and profiles on AI leadership opportunities in the region.

Other regional items include digital infrastructure expansion in Africa, UAE sustainability efforts, and a calendar of tech, energy, and investment events planned for 2026.