xAI develops state-of-the-art artificial-intelligence models and related platform technology, positioning itself as a frontier provider of advanced AI capabilities. The company’s Grok models are slated for deployment in Saudi Arabia through a 500 MW joint data-center and compute-infrastructure initiative with strategic partner HUMAIN. xAI is on the cusp of being acquired by SpaceX, a transaction that will marry its AI expertise with SpaceX’s global scale and engineering resources. The merger is expected to accelerate product integration and platform expansion across both terrestrial and space-oriented applications. Financially, xAI just closed a multi-billion-dollar Series E round, its final fundraising before the SpaceX acquisition, reinforcing investor confidence in its technology and growth trajectory. HUMAIN’s investment converts into SpaceX equity upon completion of the merger, providing continuity of long-term capital support for xAI’s roadmap.

Total raised

$45.1B

Funding rounds

7

Latest round

Series E

Latest activity

Feb 2026