Google has signed a major cloud computing agreement with SpaceX, committing to pay about $920 million every month for AI computing capacity in one of the largest technology infrastructure deals announced this year. The agreement was disclosed in regulatory filings ahead of SpaceX’s planned stock market debut.
Under the deal, Google will gain access to approximately 110,000 Nvidia graphics processing units (GPUs), along with related computing infrastructure such as CPUs, memory, and networking resources. The contract is scheduled to run from October 2026 through June 2029, with a lower-priced ramp-up period before full capacity becomes available.
The computing power will help Google meet growing demand for its AI products and services, including its Gemini Enterprise platform. As companies race to develop and deploy advanced artificial intelligence systems, access to large-scale computing resources has become a critical competitive advantage.
The agreement also includes performance guarantees. SpaceX must deliver the promised GPU capacity by the end of September 2026. If those commitments are not met, Google will have the option to terminate the contract after a short grace period. Beginning in 2027, either company can end the agreement by providing 90 days’ notice.
The deal further strengthens SpaceX’s growing presence in the AI infrastructure market. Earlier this year, the company secured another large computing agreement with AI startup Anthropic. Together, the contracts are expected to generate tens of billions of dollars in revenue and create a significant new business line beyond SpaceX’s traditional space and satellite operations.
The announcement comes just days before SpaceX’s highly anticipated initial public offering (IPO). Investors are closely watching the company’s efforts to expand beyond rockets and satellite services into AI computing, a sector experiencing rapid growth as demand for advanced AI models continues to rise worldwide.
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