SpaceX has announced a substantial computing agreement with Google, revealing the deal in a regulatory filing. This comes just a week before SpaceX's anticipated IPO.
Under the agreement, Google will pay SpaceX $920 million each month from October 2026 through June 2029. In exchange, Google will gain access to approximately 110,000 NVIDIA GPUs, CPUs, and other related components.
This deal mirrors a previous arrangement SpaceX made with Anthropic, which involves a payment of $1.25 billion per month for similar resources through 2029. However, Google's deal covers about half the computing capacity compared to Anthropic's.
While SpaceX did not specify which data center Google will utilize, CEO Elon Musk has indicated that the Colossus 2 data center may be reserved for xAI, a company now part of SpaceX.
Both companies have included a cancellation clause in their agreement, allowing either party to terminate the deal with 90 days' notice after December 31, 2026. Furthermore, Google's access will begin at a reduced fee, ramping up through September 2026.
Should SpaceX fail to provide the promised GPUs by September 30, 2026, Google will have the option to terminate the agreement or accept a reduced number of GPUs at a lower fee.
SpaceX's announcement comes as it prepares for its stock to begin trading on the Nasdaq, with plans to raise around $75 billion at a valuation of approximately $1.75 trillion, potentially making it the largest IPO in history.
Google has been a longstanding investor in SpaceX, and its stake is projected to exceed $100 billion following the IPO. The two companies are also reportedly exploring the development of orbital data centers as part of SpaceX's future initiatives.
