The deal follows last night’s White House dinner hosted by President Donald Trump, which welcomed Crown Prince Mohammed bin Salman along with figures including Cristiano Ronaldo, Elon Musk, Jeff Bezos, Tim Cook, and Nvidia CEO Jensen Huang. According to confirmed reports, the dinner took place on Tuesday evening, November 18, 2025.

Today, the US–Saudi Investment Forum expanded on that momentum. Musk’s xAI will work with Saudi A.I. company Humain to build what will become xAI’s largest data centre outside the US, part of Saudi Arabia’s push to become a global hub for artificial intelligence infrastructure. The project is expected to become xAI’s largest facility outside the US, using up to 500 megawatts of electricity to run advanced Nvidia systems.

The deal deepens Musk’s business ties with Saudi Arabia, which previously backed his purchase of Twitter. It also reflects the country’s push to become a global AI hub through large energy reserves, state funding, and access to global fiber networks.

According to the New York Times report, the US and Saudi Arabia have reached an understanding that clears the way for the kingdom to buy American AI chips. This includes thousands of Nvidia AI processors that had been delayed over geopolitical concerns.

Humain CEO Tareq Amin said the partnership with xAI is “creating scale that few others can match.”

Musk added that “the future of intelligence will be engineered through massive and efficient compute combined with the most advanced AI models.”

The collaboration positions Saudi Arabia as a rising heavyweight in global AI infrastructure, joining other Middle Eastern initiatives that now support OpenAI, Anthropic, and major US tech firms. Saudi Arabia aims to use its energy capacity and investment scale to handle up to 6% of the global AI workload in the coming years.

With Nvidia at the centre of the project, the partnership also reinforces the company’s growing influence in global AI development and sovereign computing strategies.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: Nvidia Q3 FY2026 Earnings Preview and Prediction: What to expect?

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During a high-profile White House visit on November 18, the crown prince confirmed that the kingdom would increase its existing $600 billion US investment commitment to “almost $1 trillion.” President Trump, sitting beside him in the Oval Office, welcomed the news with enthusiasm:

“We can count on $600 billion, but that number could go up a little bit higher,” Trump said.
“You keep increasing, Mr. President,” MBS replied, smiling. “Each time, the opportunities are increasing more and more.”

Trump praised the crown prince as “a friend for a long time,” calling the relationship “top of the line,” and said Saudi investment would drive job creation across US plants, companies, and Wall Street.

What’s Included:

• $600B already committed
• An additional $400B in future plans, including:
  • Technology and AI chips
  • F-35 stealth jet purchases
  • Infrastructure and energy projects

Saudi Arabia also expressed strong interest in acquiring advanced US AI chips, citing “huge demand” for computing power. Bin Salman emphasized that the investments were real, not symbemphasisedolic:

“We’re not creating fake opportunities to please America or President Trump. These are real opportunities.”

Strategic Context

The investment pledge comes as Saudi Arabia seeks:

• A formal US defense agreement
• Approval for civilian nuclear cooperation
• Progress on normalization with Israel, tied to a two-state solution

Trump, in turn, highlighted shared strategic goals and referenced their joint stance on Iran, saying the US had carried out a “very successful” strike on Iranian nuclear facilities.

Background & Reactions

This is Crown Prince Mohammed’s first US visit since the 2018 killing of journalist Jamal Khashoggi. Asked about the murder, Trump defended the prince, claiming he “knew nothing about it,” despite a 2021 US intelligence report concluding otherwise.

While some economists question whether the $1T figure is realistic, given low oil prices and Saudi Arabia’s heavy spending on domestic megaprojects — the pledge reflects the kingdom’s intention to shift its economy toward tech and global partnerships.

“Saudi Arabia believes in the future of America,” said MBS.

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$142 billion U.S. arms deal, allegedly the largest in history
$20 billion from Saudi’s DataVolt for U.S.-based AI data centers and energy infra
$80 billion in joint tech investment from companies like Google, Oracle, AMD, Uber, Salesforce
$5.8 billion in healthcare deals, $4.8 billion in Boeing sales, and much more

Tagging along with Trump was Elon Musk, now described as the head of Trump’s Department of Government Efficiency and reportedly his largest campaign donor.

At the U.S.–Saudi Investment Forum, Musk presented an ambitious rollout of multiple projects:

Starlink Approved for Aviation and Maritime in Saudi Arabia

Saudi Arabia officially approved Starlink, Musk’s satellite internet service, for aviation and maritime use. This marks a significant strategic expansion for SpaceX, enabling secure communications in both civilian and defense sectors.

Starlink is currently the only Musk-led venture from this forum that has moved beyond concept to real-world deployment.

Tesla Robotaxis Are Coming to Saudi Arabia

Musk announced plans to bring Tesla Robotaxis to Saudi Arabia, though no specific launch date was given.

“I think it would be very exciting to have autonomous vehicles here in the Kingdom,” Musk said.

The Robotaxi project aligns with Saudi Arabia’s Vision 2030 to modernize transportation infrastructure while reducing its reliance on oil.

Optimus Robot Performs “The Trump Dance” for MBS and Trump

Musk privately demonstrated Tesla’s Optimus humanoid robot to Trump and MBS. According to sources, the robot — possibly teleoperated — danced to YMCA, a nod to Trump’s campaign rallies.

Though Optimus is still in early development, Musk pitched it as a key productivity tool of the future, capable of replacing repetitive labor at scale.

The Boring Company’s ‘Warp Tunnels’ Also Pitched

Musk took the opportunity to promote his Boring Company, suggesting his “warp tunnel” system could alleviate urban traffic in Saudi cities by building high-speed underground networks.

“It’s like creating a wormhole from one part of a city to another,” he told the audience.

What’s in it for Saudi Arabia?

While Musk gets new territory to expand his ventures, Saudi Arabia gains much more:

• Strategic U.S. alignment at a time when it seeks support for its nuclear energy ambitions and regional rivalry with Iran
• Techwashing benefits to complement its sportswashing efforts — using futuristic projects to rebrand itself as a forward-thinking global power
• A deep partnership with the U.S.’s top billionaire and most influential private-sector figure

Criticism and Realities Behind the Deals

Some critics point out that many of Musk’s promises remain vaporware — Robotaxis and Optimus are not yet fully functional, and The Boring Company has faced delays worldwide.

Moreover, Musk’s cozy relationship with Trump, paired with Saudi funding in his xAI and X (formerly Twitter) ventures, has sparked concerns about transparency and geopolitical influence.

It is worth calling out the fact that Starlink is the only fully realised initiative so far, with others being aspirational at best.

Wider Geopolitical Context: Trump’s visit — anchored by massive economic deals and the controversial arms package — signals a closer-than-ever U.S.–Saudi relationship, even amid ongoing concerns about human rights, journalist repression, and authoritarianism.

What This Means for Markets and Investors

• SpaceX (Private) benefits from regulatory access and major infrastructure contracts
• Tesla ($TSLA) could gain long-term demand from Robotaxi adoption in the Gulf
• xAI and Starlink may see indirect investment or partnership opportunities
• Saudi Arabia positions itself as the global hub for AI, robotics, and autonomous transport

In Musk’s Own Words

“AI, like electricity and the internet, is essential infrastructure for every nation. Together with Saudi Arabia, we are building the future.” — Elon Musk

Whether it’s robotaxis, satellite internet, dancing humanoids, or warp tunnels, Elon Musk is using his access to U.S. political power and Saudi capital to shape the next phase of global infrastructure. Time will tell which of these visions actually materialise — but the foundations are now being laid in Riyadh.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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The post Elon Musk, Robotaxis, and Starlink: Inside Multi-Billion Dollar US–Saudi Tech Power Play first appeared on Finblog.

Key Highlights of the Partnership

• Deployment of NVIDIA GPUs: NVIDIA will supply 18,000 of its latest GB300 Grace Blackwell AI chips to HUMAIN. These chips will power a 500-megawatt data center, marking one of the largest AI-focused infrastructure projects globally.
• AI Factories of the Future: Over the next five years, the partnership plans to deploy hundreds of thousands of NVIDIA GPUs to build AI factories, enhancing Saudi Arabia’s capabilities in AI research and development.
• Integration of NVIDIA Omniverse: HUMAIN will utilize NVIDIA’s Omniverse platform to develop digital twins and simulate real-world environments, facilitating advancements in sectors like manufacturing, logistics, and energy.
• Workforce Development: The collaboration includes initiatives to train thousands of Saudi citizens in AI, simulation, robotics, and digital twin technologies, aligning with the Kingdom’s Vision 2030 goals.

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Strategic Implications

This partnership signifies a major step in Saudi Arabia’s efforts to diversify its economy and invest in cutting-edge technologies. By leveraging NVIDIA’s expertise in AI hardware and software, the Kingdom aims to reduce its dependence on oil and become a leader in the global AI landscape.

For NVIDIA, this deal not only expands its footprint in the Middle East but also showcases its commitment to supporting large-scale AI initiatives worldwide. The company’s stock responded positively, with shares rising over 5% and its market capitalisation surpassing $3 trillion.

Official Statements

Jensen Huang, CEO of NVIDIA, stated, “AI, like electricity and internet, is essential infrastructure for every nation. Together with HUMAIN, we are building AI infrastructure for the people and companies of Saudi Arabia to realise the bold vision of the Kingdom.”

Tareq Amin, CEO of HUMAIN, commented, “Our partnership with NVIDIA is a bold step forward in realizing the Kingdom’s ambitions to lead in AI and advanced digital infrastructure.”

The NVIDIA-HUMAIN partnership marks a significant milestone in global AI development, reflecting the growing importance of international collaborations in advancing technology and economic diversification.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Speaking at a US–Saudi investment forum, Trump hailed the deals as a “historic economic reset”, following meetings with Saudi Crown Prince Mohammed bin Salman.

Trump: “These deals prove what true partnership can achieve. The future of AI, energy, and innovation will be built together — stronger than ever.”

Key US–Saudi Investment Announcements

Here’s a breakdown of the largest U.S.–Saudi deals revealed so far:

AI & Tech

• $20B from Saudi DataVolt to develop AI data centers and energy infrastructure across the U.S.
• $80B joint investment from U.S. tech leaders:
  • Google ($GOOGL), Oracle ($ORCL), Salesforce ($CRM), AMD ($AMD), Uber ($UBER)
• Nvidia ($NVDA) and Saudi AI firm Humain (backed by the Public Investment Fund) announced a strategic partnership to build “AI factories of the future” in the Kingdom.

Vincent Clerc, CEO of Maersk: “If the tariffs go away, they will reopen the gates for purchase orders and parts… If not, I don’t think our customers have a good playbook.”

Aviation, Energy & Infrastructure Exports

• $14.2B in energy solutions from GE Vernova ($GEV), including gas turbines and advanced energy systems
• $4.8B Boeing 737-8 passenger aircraft order for Saudi leasing firm AviLease
• U.S. construction firms Hill International, Jacobs, Parsons, and AECOM will build:
  • King Salman International Airport
  • King Salman Park
  • The Vault
  • Qiddiya City
    ➤ Total U.S. services exports: $2 billion

Healthcare, Finance, and LNG

• $5.8B investment by Shamekh IV Solutions, including a major IV fluid plant in Michigan
• $150M strategic MoU between Hassana Investment Company and Franklin Templeton to explore Saudi private credit opportunities
• Saudi Aramco to sign MoUs with:
  • NextDecade ($NEXT) – U.S. LNG
  • Sempra Energy ($SRE) – utility partnerships
• $15B in investment deals signed between Burkhan World Investments and various Saudi partners

What It Means for Markets

This massive economic pact highlights Saudi Arabia’s ambition to become a global hub for AI and innovation, while securing strategic partnerships with the U.S. in critical sectors like chip production, energy, and cloud infrastructure.

Meanwhile, it signals a major win for U.S. tech, manufacturing, and energy firms amid ongoing trade tensions with China.

White House Fact Sheet: “These agreements represent one of the most comprehensive economic partnerships ever announced between the United States and the Kingdom of Saudi Arabia.”

Companies to Watch

This marks a geopolitical and economic power move with clear implications for global tech, logistics, AI development, and energy leadership — all while putting Saudi Arabia at the center of the next industrial wave.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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The post Trump Secures $600 Billion Saudi Investment in US Tech, Energy, and AI first appeared on Finblog.

Saudi Arabia is set to raise over $11.2 billion from a secondary public share offering in state-controlled oil giant Aramco, pricing 1.545 billion shares at 27.25 Saudi riyals ($7.27) each, near the lower end of the expected range. The sale, occurring Sunday, is priced 4% below the last settlement on the Tadāwul exchange.

Aramco shares have dropped over 2% since the secondary offering announcement on May 30, as investors often expect discounts with new share issues. Despite global oil price pressures and the energy transition, the offering saw strong demand, reportedly covered four to five times, surpassing interest from Aramco’s 2019 IPO.

Aramco, a key player in Riyadh’s economy, offers attractive dividends, with a 6.81% yield compared to Exxon Mobil’s 3.33% and Chevron’s 4.18%. Major shareholders include the Saudi government (82%) and the Public Investment Fund (16%).

Proceeds will support Saudi Arabia’s Vision 2030 projects, including the $500 billion Neom city, aimed at diversifying the economy away from oil dependency. The kingdom also recently raised $12 billion through a bond sale to finance these initiatives.

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