Last mentioned: 17h ago
$3B Investment
Humain injects $3 billion into xAI to fund rapid scaling.
SpaceX Acquisition
SpaceX officially acquires xAI, merging the entities shortly after the funding round.
Humain Founded
Crown Prince Mohammed bin Salman establishes Humain to lead Saudi AI investments.
Chinese investors are rotating capital from artificial intelligence into commercial aerospace, driving a 10% year-to-date gain in sector stocks. This shift is fueled by aggressive state policy support and a national race to match SpaceX's reusable rocket capabilities.
PowerLaw Corp is launching a specialized investment vehicle to provide retail investors with access to high-valuation private giants like SpaceX and Anthropic. By leveraging secondary market transactions, the fund aims to capture late-stage growth that has historically been restricted to institutional and accredited investors.
Elon Musk’s artificial intelligence venture, xAI, has received a $3 billion investment from the Saudi-backed firm Humain. The capital injection occurred immediately prior to xAI’s strategic acquisition by SpaceX, signaling a massive consolidation of Musk’s technological interests.
Thrive Capital has closed a record-breaking $10 billion venture fund, Thrive X, nearly doubling its previous fundraising efforts. The capital injection is strategically positioned to back high-growth leaders in artificial intelligence and space technology, specifically targeting pre-IPO positions in OpenAI and SpaceX.