SpaceX Secures $920 Million Monthly Deal with Google

Elon Musk’s SpaceX announced in a regulatory filing that Google will pay $920 million monthly for computing power. This agreement significantly boosts SpaceX’s finances ahead of its anticipated initial public offering.

The deal, effective from October through June 2029, could generate around $30 billion for SpaceX. This positions SpaceX, which owns Musk’s artificial intelligence lab xAI, as a key infrastructure provider amid the global competition for A.I. dominance.

Google will gain access to approximately 110,000 A.I. chips from Nvidia. This will help meet unexpected demand for its A.I. models. In April, Google noted that its cloud business had $460 billion in unfulfilled contracts, highlighting substantial demand for its services.

Google Cloud and SpaceX are longtime partners,” a Google Cloud spokesperson stated. “This agreement provides short-term, timely capacity to meet rising customer demand for Gemini Enterprise, our agent platform.

SpaceX has not immediately commented on the announcement. Last month, SpaceX struck a similar deal with Anthropic, another A.I. lab, for $1.25 billion monthly in computing services. Anthropic also plans to go public soon.

SpaceX’s public offering could value the company over $1.7 trillion, potentially making Musk a trillionaire. Recent financial disclosures aim to attract investors. Musk is leveraging A.I. assets, like xAI’s computing power, to generate revenue with agreements involving Anthropic and Google.

Musk has also outlined plans for a major chip manufacturing plant in Texas. In April, SpaceX confirmed a $60 billion acquisition of A.I. startup Cursor, which develops a code-writing assistant.

This agreement with Google strengthens the companies’ relationship. Google owns about a 5 percent stake in SpaceX and has considered SpaceX as a launch partner for Project Suncatcher, an initiative to establish data centers in space.