Google agreed to lease computing power from SpaceX for artificial intelligence at a cost of $920 million per month

Google will pay SpaceX for access to graphics processors until the IPO

* Amount and timing – Google will pay SpaceX about $920 million per month from October 2026 through June 2029, while the company prepares for its initial public offering (IPO).

* What is being provided – roughly 110,000 Nvidia graphics processors, central processing units, and related components.

How this compares to other SpaceX deals
Company | Period | Monthly payment amount | What is paid | Google
--- | --- | --- | --- | ---
SpaceX | Oct 2026–Jun 2029 | $920 million | GPUs and related resources | —
Anthropic | up to 2029 | $1.25 million | Rental of data‑center computing resources Colossus 1 (xAI project) | —

The deal with Google is roughly half the volume and duration of the contract with Anthropic. According to a Google representative, it is “a short‑term agreement that should provide interim capacity to meet unexpectedly increased demand from clients for the Gemini Enterprise agent platform.”

Contract terms
1. Termination period – both parties may terminate the agreement with 90 days’ notice after December 31 2026.

2. SpaceX requirements – if the company fails to deliver the stated number of GPUs by September 30 2026, Google has the right to:
* immediately terminate the contract;
* use fewer resources and consequently reduce the monthly payment.

Context and prospects
* The deal was announced a week before SpaceX’s planned Nasdaq IPO.
* It is expected that the company will raise about $75 million at a valuation of $1.75 trillion.
* Google has long been investing in SpaceX; after the IPO, the value of Google’s stake in Elon Musk’s company could exceed $100 million.

Thus, Google provides SpaceX with the necessary computing power during its pre‑IPO preparation, while offering flexible terms for both parties.