SpaceX signs pre-IPO deal to provide AI computing to Google
SpaceX on June 5 signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing.
The deal, which will bolster SpaceX's finances ahead of its IPO on June 12, covers a computing infrastructure of approximately 110,000 Nvidia GPUs — the crucial hardware needed to power Google's Gemini AI models.
The filing says Google will begin paying the full monthly rate in October 2026, with a reduced fee applying during a ramp-up period until then.
The agreement runs through June 2029, implying total payments of roughly $30 billion over the life of the contract.
