SpaceX signs $920m monthly cloud deal with Google ahead of IPO

Elon Musk’s SpaceX has entered into a multi-year unreality services statement with Google, valued astatine $920m per period starting from October 2026.

SpaceX, which is preparing for a banal marketplace listing, has outlined the presumption of the statement successful a regulatory filing.

As portion of the deal, SpaceX volition supply Google with astir 110,000 Nvidia GPUs, CPUs, memory, and associated components to conscionable the latter’s compute requirements.

Under the terms, payments volition statesman astatine a reduced complaint during a ramp-up play done September, earlier reaching the afloat agreed monthly interest from October until June 2029.

The statement stipulates that if SpaceX fails to marque the committed fig of GPUs disposable by 30 September, Google volition person the option, aft a one-month grace period, to either terminate the declaration immediately.

Alternatively, Google tin judge the fig of GPUs delivered for a reduced fee.

After 31 December 2026, either enactment whitethorn extremity the statement with 90 days’ written notice. Ownership and intelligence spot rights for content, AI models, and associated information volition stay with Google.

The woody makes Google the 2nd notable lawsuit to motion a unreality computing declaration with SpaceX successful caller months.

In May, SpaceX announced a abstracted statement with AI steadfast Anthropic, which committed to paying astir $45bn implicit 3 years.

Documents bespeak that Anthropic volition wage $1.25bn per period until May 2029, with a ramp-up play astatine reduced fees successful May and June 2026. Either institution whitethorn terminate the statement with 90 days’ notice.

Anthropic’s woody includes astatine slightest 300MW of computing powerfulness astatine SpaceX’s Colossus 1 information centre successful Memphis. The statement was aboriginal expanded to screen a 2nd facility, Colossus II, according to a station by Tom Brown, Anthropic’s co-founder and main compute officer.

Combined, the disclosed compute entree agreements with Google and Anthropic are estimated to output astir $26bn annually for SpaceX, reported Reuters.

Over the projected lifespans of the contracts, the aggregate worth of the 2 deals surpasses $70bn, contingent upon some remaining successful unit until their respective extremity dates.

According to SpaceX’s filing, the statement with Google was entered into connected 5 June 2026 and disclosed successful the company’s amended registration connection up of its anticipated archetypal nationalist offering (IPO).

"SpaceX signs $920m monthly unreality woody with Google up of IPO" was primitively created and published by Verdict, a GlobalData owned brand.

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