CNBC

Saudi fund Humain invests $3 billion in xAI; xAI holdings converted into SpaceX shares, gaining a significant minority stake

Saudi investment fund Humain put $3 billion into xAI's Series E, with its xAI holdings converted into SpaceX shares and making Humain a "significant" minority shareholder. The transaction reconfigures the shareholder mix of the combined SpaceX–xAI vehicle ahead of planned public-market activity.

2026-02-18T19:31:06.269177-08:00
Business Wire

Loft Orbital and SmartSat CRC Partner to Demonstrate Wildfire Detection Application Onboard AI-enabled Satellite

By Business Wire: Loft Orbital (Loft) today announced it has signed a contract with the SmartSat Cooperative Research Centre (SmartSat CRC) to deploy a wildfire detection appl...

2026-02-18T06:13:59.563866-08:00