who owns lucid motors

Lucid Motors is majority owned by Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF) of Saudi Arabia, which is one of the largest sovereign wealth funds in the world. The PIF has been the majority shareholder since an investment of $1 billion in 2018. Lucid Motors went public in 2021, with the Public Investment Fund owning about 60% of the company then. Other investors include institutions like Vanguard Group, BlackRock, and State Street Corporation. Recently, Uber also made a $300 million investment in Lucid Motors as part of a strategic partnership.