Google will pay SpaceX $920 million per month for access to approximately 110,000 NVIDIA GPUs and related computing capacity, according to a regulatory filing released Friday.
The multiyear agreement runs from October 2026 through June 2029 and comes one week before SpaceX’s anticipated initial public offering on the Nasdaq. It follows a similar deal SpaceX struck last month with Anthropic.
In layperson’s terms, companies like Google and Anthropic need enormous numbers of specialized chips — primarily NVIDIA GPUs — to train and run powerful AI systems. Building and powering these data centers is extremely expensive and time-consuming. SpaceX is renting out blocks of that high-performance computing capacity from its own facilities, much like a landlord renting office space, but for AI workloads.
SpaceX disclosed the agreement in an SEC filing as part of its amended S-1 registration statement. Under the terms, Google will pay the full $920 million monthly rate starting in October 2026, with capacity ramping up through September at a reduced fee.
The compute capacity includes roughly 110,000 NVIDIA GPUs along with CPUs, memory, and other components housed in SpaceX data centers. Google retains ownership of its content, AI models, and related data.
The deal includes termination provisions. If SpaceX fails to deliver the committed GPU capacity by September 30, 2026, Google may terminate immediately after a one-month grace period or accept a reduced amount with prorated fees. After December 31, 2026, either party can exit with 90 days’ notice.
Google described the arrangement as a short-term bridge to meet higher-than-expected demand for its Gemini Enterprise AI platform. “Google Cloud and SpaceX are long-time partners,” the company said in a statement. “This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand.”
The agreement highlights the intense competition for AI infrastructure. Alphabet, Google’s parent company, has committed more than $180 billion in capital expenditures this year and expects that figure to rise significantly in 2027, as CNBC reported. The company recently raised $80–85 billion through equity sales to fund its AI buildout.
SpaceX’s push into large-scale compute leasing builds on its February merger with xAI. The company’s Colossus data centers, originally built for xAI’s Grok models, now serve third-party customers. Anthropic signed a $1.25 billion-per-month deal in May for exclusive access to Colossus 1 in Memphis, Tennessee, per TechCrunch.
The Google contract adds substantial revenue ahead of SpaceX’s IPO, which is targeted at around a $1.75 trillion valuation. Google has been an investor in SpaceX since 2015.
SpaceX said in its prospectus that its compute infrastructure provides “substantial flexibility in how we allocate and monetize capacity,” per CNBC. The company recorded an operating loss of $2.5 billion in AI in the first quarter on $818 million in revenue, with capital expenditures heavily tilted toward AI infrastructure.
The two recent deals — Anthropic at $1.25 billion per month and Google at $920 million per month — point to a combined run rate exceeding $2 billion per month in compute-related revenue once fully ramped.
