SpaceX Signs Multiyear Google Deal to Rent 110,000 Nvidia GPUs

Overview

• SpaceX disclosed Friday that it had agreed to a plurianual contract with Google in which Google will lease about 110,000 Nvidia GPUs and related components and begin full monthly payments of roughly $920 million from October 2026 through June 2029.
• The Google agreement was filed with the SEC and follows a May deal with Anthropic for SpaceX’s Colossus 1 Memphis facility, together implying roughly $26 billion in annual revenue and more than $70 billion if both contracts run their full terms.
• Google Cloud called the deal a short-term, opportunistic measure to secure transitional capacity while it expands its own AI datacenter footprint and keeps ownership of its models and data.
• The contracts include provisions that allow early termination if SpaceX cannot deliver capacity by set dates and permit either party to exit after December 31, 2026 with notice, so final revenue depends on fulfillment and client choices.
• Analysts cited by the filings say SpaceX’s AI-infrastructure business could grow sharply by 2030 and the company has presented longer-term ideas for orbital and lunar compute centers as part of the pitch to investors ahead of a planned IPO seeking about $75 billion.