Google Agrees to Pay SpaceX $920M Monthly for AI Compute Through 2029
Google has signed a deal to pay SpaceX $920 million per month for access to computing power from October 2026 through June 2029. The contract covers approximately 110,000 Nvidia GPUs and related computing infrastructure, totaling roughly $30 billion over its lifetime. Google says the arrangement is a short-term bridge to meet stronger-than-expected demand for its Gemini Enterprise AI platform aimed at businesses. SpaceX disclosed the agreement in regulatory filings ahead of its anticipated initial public offering. The deal includes protections for Google: if SpaceX fails to deliver the full GPU capacity by September 30, 2026, Google can terminate the agreement after a grace period or accept reduced capacity at lower fees. Either party can exit with 90 days' notice after December 31, 2026. This marks SpaceX's second major compute deal announced in recent weeks, following a similar $1.25 billion per month agreement with AI company Anthropic. Combined, these contracts give SpaceX roughly $2.17 billion in monthly recurring revenue from compute services.
Key facts
- Google will pay SpaceX $920 million per month from October 2026 through June 2029
- The contract covers approximately 110,000 Nvidia GPUs, CPUs, memory and related components
- Total contract value is approximately $30 billion over its 32-month lifetime
- Deal was signed June 5, 2026, disclosed one week before SpaceX's planned Nasdaq IPO
- SpaceX also signed a $1.25 billion per month deal with Anthropic in May 2026
- Combined monthly compute revenue from Google and Anthropic contracts is $2.17 billion
- Google's access ramps up through September 2026 at a reduced fee before full rate begins
- Either party can terminate with 90 days' notice after December 31, 2026
- SpaceX recorded $2.5 billion in AI operating losses on $818 million revenue in Q1 2026
Limits of this briefing
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Sources
- TechCrunch: Google will pay SpaceX $920M per month for compute Centre
- CNBC: Google to pay SpaceX $920 million a month for compute capacity at xAI data centers Centre
- The Next Web: Google to pay SpaceX $920M/month for AI compute Centre
- TechTimes: Google Will Pay SpaceX $920 Million A Month For Nvidia GPU Capacity At xAI Data Centers Centre
- Bloomberg: Google Buying Computing From SpaceX in $920-Million-a-Month Deal Centre