Kingdom Holding Company announces the acquisition of an additional stake in xAI with Elon Musk, bringing the total investment value to USD 800 million. The additional stake was acquired as part of xAI’s series C financing round.

This investment reflects the strategic alliance between Kingdom Holding Company and xAI and the close relationship between Elon Musk and HRH Prince AlWaleed bin Talal AlSaud.

xAI is currently valued at USD 45 billion, an 80% increase from its previous valuation of USD 25 billion during the series B financing round in which Kingdom Holding Company and HRH Prince AlWaleed bin Talal AlSaud participated. The increase in the value of this investment is due to the significant growth in xAI’s valuation.