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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 roughly 110,000 NVIDIA GPUs and related computing components, according to a regulatory filing. Google framed the agreement as short-term "bridge capacity" to meet surging demand for its Gemini Enterprise platform, with both parties able to cancel after December 31, 2026, on 90 days' notice. The deal comes just a week before SpaceX's planned Nasdaq IPO, which aims to raise around $75 billion at a $1.75 trillion valuation, with Google a longtime investor whose stake could exceed $100 billion afterward.

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