SpaceX Signs $920 Million per Month AI Compute Deal with Google

SpaceX has entered into a compute infrastructure agreement with Google, according to a recent regulatory filing, adding another major customer ahead of the company's anticipated public offering.

Under the agreement, Google will pay approximately $920 million per month from October 2026 through June 2029 for access to roughly 110,000 NVIDIA GPUs, CPUs, memory, and related computing infrastructure.

The arrangement follows a similar deal announced with Anthropic in May, under which Anthropic agreed to lease large-scale AI compute capacity through 2029.

Google stated that the agreement is intended to address stronger-than-expected demand for its AI products, including Gemini Enterprise.

A company spokesperson described the deal as a short-term measure to provide additional capacity while demand continues to grow.

The contract includes provisions allowing either party to terminate the agreement with 90 days' notice after December 31, 2026. The filing also states that Google may cancel the agreement or seek reduced fees if SpaceX does not deliver the committed compute capacity by September 30, 2026, following a one-month grace period.

The announcement comes one week before SpaceX's expected Nasdaq debut.

Google is a longtime investor in SpaceX and is expected to remain a significant shareholder following the IPO.

Image Credits: SpaceX