SpaceX has secured another major compute deal ahead of its anticipated IPO, with Google agreeing to pay $920 million per month from October 2026 through June 2029. The agreement grants Google access to approximately 110,000 NVIDIA GPUs, CPUs, memory, and related components. This deal mirrors the terms of SpaceX’s previous agreement with Anthropic, which involves $1.25 billion per month for compute access. However, Google’s compute allocation is about half the size of Anthropic’s, according to the terms of the deal. SpaceX did not specify which data center Google would be using, though Elon Musk has indicated that the Colossus 2 data center may be reserved for xAI. Both companies have the option to terminate the agreement with 90 days' notice after December 31, 2026.
The agreement comes as SpaceX prepares for its IPO, with plans to raise around $75 billion at a valuation of approximately $1.75 trillion. This would make it the largest IPO in history. Google, a long-time investor in SpaceX, is expected to see its stake in the company valued at over $100 billion following the IPO. Additionally, the companies are reportedly discussing the development of orbital data centers, a key part of SpaceX’s future strategy post-IPO. The deal underscores the growing demand for computational resources in the AI and space industries.
SpaceX announced the deal just one week before its stock is expected to start trading on the Nasdaq. Paperwork filed with the Securities and Exchange Commission highlights the company’s ambitious fundraising goals. The agreement with Google reflects the increasing importance of compute infrastructure in SpaceX’s business model. The company has also hinted at future collaborations with other tech firms, including the possibility of building orbital data centers. These developments signal a shift in how space companies are leveraging AI and cloud computing for their operations.
Source: techcrunch
