SynopsisAs part of the deal, Google will pay SpaceX $920 million monthly ‌from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced ​fee, Elon Musk's space venture said in a regulatory filing.SpaceX said on Friday ​it has entered into a ​multi-year cloud services agreement with Alphabet's Google, locking ​in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week.As part of the deal, Google will pay SpaceX $920 million monthly ‌from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced ​fee, Elon Musk's space venture said in a regulatory filing.The compute capacity provided includes about 110,000 Nvidia GPUs, CPUs, memory and other related components.The pact brings another high-profile customer to SpaceX, after Anthropic, strengthening its ​AI narrative as it targets a $75 ⁠billion raise ‌in its upcoming initial public offering.Anthropic said in ​May ​it had reached a deal to use the ⁠full computing power of SpaceX's Colossus 1 facility in ​Memphis, Tennessee, which houses more than 220,000 Nvidia processors ​and will give the Claude chatbot maker 300 megawatts of new capacity within a month.On an annual basis, SpaceX's compute access deals with Anthropic and Google are worth roughly $26 billion combined.SpaceX's disclosed compute-capacity agreements with Anthropic and Google are worth more than $70 ‌billion in aggregate, assuming neither contract is terminated before its scheduled end date.If SpaceX does not provide access to ​the agreed ​number of GPUs by ⁠September 30, then, after a one-month grace period, "Google may immediately terminate the agreement or accept the number of GPUs provided, with a ​corresponding pro-rata reduction in the monthly fees," the company said.After December 31, either party may terminate the agreement by providing 90 days' notice. Google will retain ownership of, and all intellectual property rights in, its content, AI models and associated data. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now