Abu Dhabi's Judan buys majority stake in Alpha Wave Global

Abu Dhabi's new $237B financial-services platform Judan is acquiring a 50.1% stake in Alpha Wave Global, an alternative asset manager with ~$29B AUM and investments in companies including SpaceX, Anthropic, and OpenAI. The deal deepens Gulf sovereign exposure to AI and tech while helping Alpha Wave expand initiatives like an AI-native life insurance business. The move is part of a broader push by Abu Dhabi, led by Sheikh Tahnoon, to build global financial and AI influence through large strategic acquisitions.