Google has agreed to pay SpaceX about $920 million a month for AI computing power, a deal worth roughly $30 billion that runs through mid-2029.
Key Points:
- Google will pay SpaceX $920 million monthly from October 2026 through June 2029.
- The contract hands Google access to 110,000 Nvidia GPUs to power its AI services.
- SpaceX struck a similar compute deal with Anthropic earlier, signaling a new business line.
Google Locks In Bridge Capacity
The contract runs from October 2026 through June 2029, a securities filing showed. SpaceX will collect the monthly fee for nearly three years.
Google gains access to 110,000 of Nvidia's graphics processing units under the arrangement, which also includes central processing units, memory chips and related hardware.
Google can walk away if SpaceX fails to deliver the chips by Sept. 30, after a one-month grace period. Either side may also exit the deal with 90 days' notice.
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Why Gemini Demand Drove The Pact
A Google Cloud spokesperson described the agreement as a short-term move to add bridge capacity for surging customer demand. The company pointed to its Gemini Enterprise agent platform, where uptake has run "even higher than we expected."
Alphabet recently reported that Google Cloud's backlog, the contracted work not yet booked as revenue, nearly doubled to more than $460 billion.
That capacity, based on Nvidia's H200 chips, may top 100 megawatts. That is roughly enough to power 75,000 homes at once.
SpaceX Bets On Compute Sales
The Google pact follows a comparable agreement SpaceX signed with Anthropic. Through its xAI arm, the company is recasting itself as a compute infrastructure provider.
SpaceX has built data centers in Memphis, Tennessee, and is expanding in Mississippi. The pivot anchors a business it has promoted ahead of a planned public offering.
Google's ties to SpaceX blend rivalry and partnership. The search firm held a 6.11% stake at the end of 2025, a position that fell to about 5% after SpaceX merged with xAI in February.
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