Google to Pay SpaceX $920 Million Monthly for AI Compute Access

Key Points

• Google will pay $920 million per month for SpaceX AI compute from Oct 2026 to Jun 2029.
• The lease covers roughly 110,000 NVIDIA GPUs, CPUs, memory and related hardware.
• Deal mirrors SpaceX’s $1.25 billion‑per‑month contract with Anthropic but at half the scale.
• Both parties can terminate the agreement with 90‑day notice after Dec 31, 2026.
• Google cites unexpected demand for its Gemini Enterprise AI platform as the driver.
• SpaceX’s IPO slated for next week aims to raise $75 billion at a $1.75 trillion valuation.
• Google’s stake in SpaceX could exceed $100 billion post‑IPO.
• Companies are exploring orbital data centers as a future compute solution.