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SpaceX Signs $920 Million‑a‑Month Compute Deal With Google

Disclosed in SpaceX's IPO filing, the contract promises 110,000 Nvidia GPUs as bridge capacity for Google's Gemini Enterprise, creating delivery and exit terms that could alter SpaceX's revenue outlook.

Overview

  • SpaceX disclosed on June 5 that Google will pay $920 million per month from October 2026 through June 2029 for access to roughly 110,000 Nvidia GPUs and related hardware.
  • The filing says capacity will ramp through September at a reduced fee and includes a Sept. 30, 2026 delivery condition that lets Google terminate after a one‑month grace period or accept fewer GPUs with a pro‑rata fee cut.
  • After Dec. 31, 2026 either party may end the contract with 90 days' notice, a clause that gives both firms flexibility and creates near‑term revenue and delivery risk for SpaceX.
  • The Google pact joins a May agreement with Anthropic that reportedly pays about $1.25 billion per month for Colossus 1 capacity, together implying roughly $2.17 billion per month of near‑term compute revenue for SpaceX.
  • Beyond generating immediate cash ahead of its planned Nasdaq listing, SpaceX is using its xAI‑built data centers to monetize idle GPUs and is exploring longer‑term options such as orbital data centers and further cloud partnerships.