Google has agreed to pay SpaceX $920 million per month from October 2026 through June 2029 for access to roughly 110,000 NVIDIA GPUs and related compute, citing higher-than-expected demand for its Gemini Enterprise agent platform. The deal, disclosed in a regulatory filing, resembles a similar arrangement SpaceX struck with Anthropic and includes a cancellation clause allowing either party to exit with 90 days' notice after December 31, 2026. The agreement comes just a week before SpaceX is expected to begin trading on the Nasdaq, with the company aiming to raise around $75 billion at a valuation near $1.75 trillion, which would be the largest IPO in history.

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 earlier agreement with Anthropic, allows Google to expand its AI capacity amid surging demand for products like Gemini Enterprise. Both parties can terminate the agreement with 90 days' notice after December 2026, and Google's access will ramp up gradually by September 2026.