TL;DRGoogle will pay SpaceX $920 million per month for access to 110,000 Nvidia GPUs through mid-2029, the second massive compute deal SpaceX has signed ahead of its record $75 billion IPO. Google called it bridge capacity for surging Gemini Enterprise demand.
SpaceX has signed its second massive compute deal in a month, this time with Google. Under the terms disclosed in a regulatory filing on Friday, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to approximately 110,000 Nvidia GPUs, CPUs, memory, and related components. At that rate, the contract is worth roughly $30 billion over its lifetime.
The deal lands one week before SpaceX’s stock is expected to begin trading on Nasdaq. The company is aiming to raise around $75 billion at a valuation of approximately $1.75 trillion, which would make it the largest IPO in history.
The second Colossus deal
The agreement is similar in structure to the one SpaceX announced with Anthropic in late May. That deal saw Anthropic agree to pay $1.25 billion per month through 2029 for the entire output of Colossus 1, the Memphis data centre that xAI originally built for its own chatbot, Grok, before the AI company was merged into SpaceX in February.
