Google will pay SpaceX $920M per month for compute
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Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to around 110,000 NVIDIA GPUs and related compute resources. The deal, similar to SpaceX's recent agreement with Anthropic, allows either party to terminate with 90 days' notice after December 2026. Google cited unexpected demand for its AI products, while SpaceX prepares for its historic IPO, aiming for a $1.75 trillion valuation.
Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to roughly 110,000 NVIDIA GPUs and related compute, according to a regulatory filing. Google described the arrangement as short-term "bridge capacity" to meet surging demand for its Gemini Enterprise agent platform, with both parties able to terminate on 90 days' notice after December 31, 2026. The deal mirrors SpaceX's late-May agreement with Anthropic and comes just a week before SpaceX's expected Nasdaq debut, which aims to raise around $75 billion at a roughly $1.75 trillion valuation. Google, a longtime SpaceX investor, is expected to hold a stake worth more than $100 billion after the IPO.