Just days before its highly anticipated stock market debut, SpaceX has secured another major artificial intelligence infrastructure agreement, signing a multibillion-dollar compute services deal with Google to support growing demand for AI products.
According to a regulatory filing released on Friday, Google will pay SpaceX approximately $920 million per month from October 2026 through June 2029 for access to about 110,000 NVIDIA graphics processing units (GPUs), central processing units (CPUs), memory resources and related computing infrastructure.
The agreement follows a similar arrangement announced in May between SpaceX and Anthropic. Under that deal, Anthropic committed to paying $1.25 billion monthly through 2029 to utilize the full available computing capacity of the Colossus 1 data centre near Memphis, Tennessee, originally developed by xAI before its integration into SpaceX.
While the company did not disclose which facility would support Google’s operations, the scale of the agreement suggests Google will receive access to roughly half the computing resources allocated to Anthropic under the earlier contract. SpaceX chief executive Elon Musk has previously indicated that the planned Colossus 2 facility would be reserved primarily for xAI operations.
ADVERTISEMENT
READ ALSO: FULL LIST: Most Searched Words, Personalities, Songs On Google In 2025
Unlike Anthropic, which had faced constraints in computing capacity before partnering with SpaceX, Google already ranks among the world’s largest owners of AI infrastructure. Nevertheless, the technology giant said surging demand for its AI services had prompted the agreement.
“Google Cloud and SpaceX are long-time partners,” a Google spokesperson said.
Read Also
“This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected.”
The deal comes as Google’s parent company, Alphabet Inc., continues an aggressive expansion of its AI investments. The company has already earmarked more than $180 billion in capital expenditure for 2026 and recently announced an $80 billion equity offering to support future spending plans.
The contract also includes provisions allowing either company to terminate the arrangement after December 31, 2026, provided 90 days’ notice is given. Google’s access to the infrastructure will gradually increase before the full contract period begins, with reduced fees applying during the ramp-up phase.
ADVERTISEMENT
The filing further states: “If we fail to deliver access to the committed amount of GPUs by September 30, 2026, then following a one-month grace period, Google may immediately terminate the agreement or accept the number of GPUs provided” with a corresponding reduction in monthly payments.
The announcement arrives one week before SpaceX is expected to begin trading on the Nasdaq. Regulatory documents indicate the company aims to raise approximately $75 billion at a valuation of about $1.75 trillion, a figure that would make it the largest initial public offering in history.
Google, which has been an investor in SpaceX for years, is expected to see the value of its stake in the aerospace and technology company exceed $100 billion following the IPO.
