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SpaceX secures Google compute deal worth $920 million a month before Nasdaq listing

SpaceX secures Google compute deal worth $920 million a month before Nasdaq listing

The agreement runs from October 2026 through June 2029, covers roughly 110,000 Nvidia GPUs and adds Google to SpaceX’s fast-growing AI cloud customer base ahead of its planned public debut.

Fact Check
The SpaceX SEC Free Writing Prospectus (primary regulatory source) explicitly states the $920 million per month figure, the October 2026–June 2029 term, and the ~110,000 NVIDIA GPU scope. CNBC's June 5, 2026 report confirms the same terms and links to the SEC filing. The 'month before Nasdaq listing' framing aligns with SpaceX's planned IPO trading reported to begin the following week. Secondary outlets (crypto.news, cryptopolitan) corroborate all key numbers.
Summary

SpaceX has signed a compute agreement with Google that will bring in $920 million per month under a contract running from October 2026 through June 2029, according to an SEC filing released ahead of the company’s planned Nasdaq listing. The deal covers roughly 110,000 Nvidia GPUs along with CPUs, memory and related infrastructure, with capacity ramping up gradually before reaching the full monthly rate. It follows a similar arrangement with Anthropic in May tied to SpaceX’s Colossus 1 facility in Memphis, Tennessee, which Reuters said houses more than 220,000 Nvidia processors and provides 300 megawatts of capacity. Together, the two contracts are valued at more than $70 billion if they run to term and are worth about $26 billion annually, strengthening the revenue case for SpaceX as it targets a $75 billion IPO. The filing also sets out termination protections for Google, including a one-month grace period if SpaceX fails to deliver the agreed GPU capacity by September 30, 2026, and says Google will retain intellectual property rights in its content, AI models and processed data.

Terms & Concepts
  • Nvidia GPUs: Graphics processors widely used to train and run artificial intelligence models.
  • AI cloud: Remote computing infrastructure rented to customers for artificial intelligence workloads.
  • IPO: Initial public offering, when a company first sells shares to public investors.