MGX weighs selling stakes in AI giants for early investor liquidity

Summary

• MGX board reviewed AI portfolio and discussed monetizing some holdings to free up early liquidity for investors
• Fund joined Anthropic's $65 billion round and a $5 billion Databricks raise this year
• Any sell-down would mark a shift from pure accumulation to harvesting Abu Dhabi's AI bets

The latest

Abu Dhabi's MGX is examining the sale of some existing holdings to provide early liquidity to its investors, according to a statement issued by the Abu Dhabi Media Office on October 19. The discussion came at the fund's third board meeting of 2026, chaired by Sheikh Tahnoun bin Zayed Al Nahyan, deputy ruler of Abu Dhabi and MGX chairman. The statement did not identify the assets involved.

Details

• The meeting: The board reviewed portfolio performance and MGX's expansion across artificial intelligence and advanced technology companies, according to the Abu Dhabi Media Office. Sheikh Tahnoun bin Zayed Al Nahyan chaired the session, the fund's third board meeting of the year.
• The Anthropic stake: MGX took part in Anthropic's Series H round of $65 billion, which lifted the valuation of the developer of Claude to $965 billion. Anthropic announced the round in May, saying the money would fund safety research, model interpretability, compute capacity, products and partnerships.
• Undisclosed exposure: The meeting statement did not break out how much MGX contributed on its own to the Anthropic round. The headline figures cited relate to the total size of the financing rounds rather than the fund's individual participation in them.
• The Databricks round: The board also reviewed MGX's participation in a strategic financing for Databricks worth $5 billion at a $190 billion valuation. Databricks supplies tools for managing and analyzing data and building AI applications. Reuters reported that MGX helped lead the round.
• Revenue marker: Databricks said its annualized revenue run rate, calculated on the current pace of business, had passed $7 billion. The company's financing came at a valuation more than 27 times that annualized figure.
• The SpaceX position: Directors discussed MGX's investment in SpaceX following its public offering of $85.7 billion, noting growth in revenue from leasing compute capacity used to support developers of foundational AI models, according to the Abu Dhabi Media Office.
• Listing watch: The board reviewed revenue growth at OpenAI and Anthropic and the preparations of both companies for a potential public offering. The statement did not attach a timeline or a venue to either prospective listing.
• New deployments: The meeting examined fresh investment opportunities across the components of the AI industry, alongside the possible monetization of existing stakes. No size or timing was given for any potential exits.

Background

MGX is Abu Dhabi's technology investment vehicle, built around artificial intelligence and advanced computing, and chaired by Sheikh Tahnoun bin Zayed Al Nahyan, who sits at the center of the emirate's sovereign investment architecture.

Between the lines

The liquidity discussion sits oddly beside the rest of the agenda. A fund still writing checks into Anthropic, Databricks and SpaceX is simultaneously studying how to cash out of positions it already holds. Read against the board's review of OpenAI and Anthropic listing preparations, the two threads point the same way: MGX is positioning for the moment private AI valuations become sellable.

What's next

Watch for MGX to name which assets it would monetize and on what timeline, and for any confirmed listing steps from OpenAI or Anthropic that would open an exit route for private holders.

Source: Abu Dhabi Media Office, Anthropic, Reuters