SpaceX signs $30 billion deal with Google for AI computing power through 2029

SpaceX and Google finalized a cloud services deal running from October 2026 through June 2029, valued at about $30 billion. ^{[1, 2, 3, 4]}

Under the agreement, Google will pay SpaceX $920 million each month for access to around 110,000 Nvidia GPUs plus CPUs, memory, and related components. ^{[1, 2, 3, 5, 6, 7, 8, 4, 9, 10, 11, 12]} A Google Cloud spokesperson described the pact as "a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected." ^{[2, 8]}

SpaceX must deliver the committed GPU capacity to Google by September 30, 2026. If not, Google may terminate the contract after a one-month grace period or accept reduced GPU access with a proportional fee reduction. ^{[2, 3, 5, 6, 9, 10, 12]} Full monthly payments from Google to SpaceX begin on October 1, 2026. ^{[2, 3, 5, 6, 7, 8, 4, 10, 12]}

Either company can terminate the contract after December 31, 2026, with 90 days' notice. ^{[3, 5, 6, 8, 9, 11, 12]} The agreement ends in June 2029. ^{[2, 3, 5, 6, 7, 8, 4, 10, 12]}

The deal follows SpaceX’s recent expansion into AI compute infrastructure, building on a similar contract with AI firm Anthropic, which pays SpaceX $1.25 billion monthly for compute capacity at its Colossus 1 data center. ^{[2, 5, 6, 8, 4, 9, 10, 11]} Google owns about 5 to 6 percent of SpaceX as of late 2025 and early 2026. ^{[2, 5]}

SpaceX is preparing for an initial public offering expected on June 12, 2026. The company aims to raise roughly $75 billion at a valuation near $1.75 to $1.8 trillion, which would mark the largest IPO in history. ^{[1, 5, 6, 4, 10, 11, 12]}

The contract’s GPU delivery deadline and the impending IPO on June 12 are key milestones in the coming months. ^{[2, 3, 5, 6, 9, 10, 12]}