SpaceX has signed a new computing deal, this time with Google, ahead of its historic IPO. The company announced the acquisition in a regulatory filing on Friday.
Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 to June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.”
The deal is similar in length and scope to the one SpaceX announced with Anthropic in late May. As part of that deal, Anthropic agreed to pay SpaceX $1.25 billion a month through 2029 to rent all available computing from its Colossus 1 data center near Memphis, Tennessee. xAI (now part of SpaceX) was originally built for its own artificial intelligence efforts.
Google’s deal appears to be paying for about half of the amount of computing that Anthropic will have access to on Colossus 1. SpaceX did not say specifically which data centers Google would use. CEO Elon Musk previously indicated that the company would reserve its Colossus 2 data center for xAI.
Anthropic had severely limited computing power before the deal with SpaceX, and usage limits were increased on the same day the deal was announced. Google is in a very different position, with some estimates listing it as the world’s largest single owner of AI computing.
In a statement, a Google representative explained that the partnership is the result of unexpected demand for the company’s recently launched AI products. “Google Cloud and SpaceX are long-standing partners,” Google said in a statement. “This is a short-term, timely agreement to ensure we have the bridging capacity to meet rapidly increasing customer demand for our agent platform, Gemini Enterprise, which exceeds our expectations.”
But parent company Alphabet has been increasing its spending. Alphabet has already committed more than $180 billion in capital spending this year, and said it expects that to “significantly increase” in 2027. To help with this, Alphabet recently announced an $80 billion stock sale.
Also, like Anthropic, our contract with Google includes a cancellation clause. Both SpaceX and Google have the option to terminate the agreement with 90 days’ notice after December 31, 2026. Access to Google’s data centers will increase “at a discount through September,” the filing said.
“If Google fails to provide access to the promised amount of GPUs by September 30, 2026, Google may, after a one-month grace period, immediately terminate the agreement or accept the number of GPUs provided,” along with a reduction in monthly fees, it reads.
SpaceX announced the deal just a week before its stock is scheduled to begin trading on the Nasdaq exchange. The company is seeking to raise about $75 billion at a valuation of about $1.75 trillion, its largest raise in history, according to documents filed with the Securities and Exchange Commission.
Google has been a long-time investor in SpaceX. Musk’s company’s stock is expected to be worth more than $100 billion after the IPO. The companies are also reportedly in talks to build an orbital data center, a key element of SpaceX’s future plans post-IPO.
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