Google has signed an unprecedented agreement on cloud services with SpaceX. Under the terms of the agreement, the search giant will pay $920 million per month for access to the space company’s computing resources, including 110,000 Nvidia processors. If this contract is fully implemented, it will bring Elon Musk’s corporation over $30 billion.
This deal took place just ahead of SpaceX’s planned initial public offering (IPO), which is set to take place next week. The company’s market capitalization is expected to reach nearly $1.8 trillion. As a result, Elon Musk, given his stake in the company, could become the world’s first trillionaire.
According to documents filed with the SEC, the main contract will run from October 2026 to June 2029, but capacity expansion will begin as early as September at reduced rates. Google notes that this is a timely short-term agreement. Its main goal is to secure transitional capacity to support its own AI platform, Gemini Enterprise, for which demand has far exceeded the developers’ wildest expectations.
Termination provisions and financial obligations
The agreement includes safeguards: Google has the right to terminate the contract if SpaceX fails to deliver the required number of graphics processing units by September 30, 2026. After December 31, either party may terminate the agreement by providing 90 days’ notice.
It is worth noting that the partnership between these companies is not new. According to Bloomberg analysts, Google has been a long-standing investor in the space company since 2015 and holds approximately 5% of SpaceX’s shares.
Giant data centers
Earlier this year, SpaceX partnered with the startup xAI, the creator of the X Grok chatbot. Since then, the company has been pouring massive investments into AI infrastructure. In the first quarter of fiscal year 2026 alone, $7.7 billion was spent on these efforts.
The main ground-based project is the massive Colossus 1 data center in Memphis, Tennessee, which is expected to eventually house one million graphics processing units. In addition, SpaceX has announced an ambitious goal: to deploy nearly one million data centers directly into Earth orbit.
Computing resources for competitors
Since its own projects are not yet fully utilizing the infrastructure, SpaceX is actively seeking other clients. In May, the company signed a similar agreement with the startup Anthropic, granting the developers of the Claude model access to the full computing power of the Colossus 1 facility.
We previously reported on how WeatherNext 2’s artificial intelligence predicts the weather with remarkable accuracy.
According to pcmag.com
