Space Exploration Technologies Corp.
(SpaceX) has disclosed a cloud services agreement with Alphabet Inc.'s (NASDAQ:GOOGL) Google worth more than $30 billion on Friday, a deal that an analyst says could strengthen the company's investment case ahead of its planned initial public offering.
The agreement, detailed in an SEC filing tied to SpaceX's IPO process, provides Google with access to computing capacity that includes approximately 110,000 NVIDIA Corp.
(NASDAQ:NVDA) graphics processing units, along with CPUs, memory, and related components.
Under the filing, Google will pay SpaceX $920 million per month from October 2026 through June 2029.
