SpaceX signs $920 million monthly cloud deal with Google ahead of IPO
SpaceX disclosed a major cloud computing deal with Google on Friday through an SEC filing tied to its upcoming IPO. Under the agreement signed June 5, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to approximately 110,000 NVIDIA GPUs along with CPUs, memory, and related infrastructure.
Over the full term, the deal is worth roughly $30.36 billion. Capacity will ramp up through September at a reduced rate before the full monthly payment kicks in.
The agreement came to light through Amendment No. 2 to SpaceX’s Form S-1 registration statement filed with the SEC on June 3, ahead of the company’s anticipated Nasdaq debut. SpaceX is seeking to raise approximately $75 billion at a valuation of roughly $1.75 trillion in that offering. Google, which holds a long-standing stake in the company, could see that position worth over $100 billion after the IPO.
How the Google deal compares to SpaceX’s recent Anthropic agreement
The Google arrangement follows a similar deal SpaceX disclosed with Anthropic in late May. Under that agreement, Anthropic pays SpaceX $1.25 billion per month through 2029 for access to the full compute capacity at Colossus 1, the data center SpaceX inherited near Memphis, Tennessee after xAI became part of the company, per TechCrunch. Google’s 110,000 GPUs represent roughly half of that total compute allocation.
SpaceX just signed a massive compute deal with Google
On June 5, 2026, SpaceX entered into a Cloud Service Agreement to provide Google with access to approximately 110,000 NVIDIA GPUs along with CPUs, memory, and related infrastructure
Google will pay SpaceX $920 million per… pic.twitter.com/nrapdhHvXi
— X Freeze (@XFreeze) June 5, 2026
The filing includes standard termination clauses. If SpaceX fails to deliver the committed GPU capacity by September 30, 2026, Google may terminate the agreement immediately after a one-month grace period or accept a pro-rata reduction in the monthly fees. After December 31, 2026, either party may exit with 90 days’ notice. Google retains ownership of all its content, AI models, and related data generated under the agreement.
The deal positions SpaceX as a significant player in the AI compute infrastructure market at a moment when demand for GPU access is outstripping what traditional cloud providers can supply at speed. Between the Anthropic deal and now Google’s commitment, SpaceX’s monthly compute revenue alone has crossed $2 billion before the company has even gone public.
