Howdy Saudi
U.S. government officials and tech giants are in Saudi Arabia this week to discuss a $1 Trillion investment from the Saudis into U.S. companies and infrastructure.
Saudi Arabia's investment in U.S. companies has shown remarkable growth (roughly 4x versus five years ago), with a clear focus on strategic sectors including data, AI, and energy. This investment pattern reflects Saudi Arabia's initiative to diversify its economy beyond oil and to become a key player in the AI and energy ecosystems.
In the last five years, Saudi investors have poured billions into companies including (listed in order of deal size):
→ xAI - foundational model maker
→ Lucid Motors - EV maker
→ Wonder - food delivery app and infrastructure
→ Magic Leap - augmented reality
→ MidOcean Energy - liquefied natural gas (LNG) provider
→ Axiom Space - commercial space stations
→ EnerVenue - metal-hydrogen energy storage
→ Together AI - AI training & inference
→ Nile - AI network operations & security
→ SiFive - semiconductors
With >$500 billion in Phase 1 deals into defense, AI, rare earths, and green hydrogen expected to be announced in the coming days, which companies are most likely to see big checks from Saudi investors?