Google pays SpaceX $920M monthly for cloud computing services in deal worth $30 billion

SpaceX will provide roughly 110,000 NVIDIA GPUs to power Google's Gemini Enterprise platform through mid-2029, marking the rocket company's aggressive push into AI infrastructure ahead of its IPO.

Share

Add us on Google by Editorial Team Jun. 7, 2026

Google is about to write SpaceX a check for $920 million. Every single month. For nearly three years.

The deal, disclosed in an altered S-1 registration statement on June 5, gives Google access to approximately 110,000 NVIDIA GPUs and associated hardware from October 2026 through June 2029. If the contract runs its full 33-month course, SpaceX stands to collect roughly $30 billion.

Advertisement

What Google is actually buying

The arrangement is designed as a stopgap measure for Google Cloud, which is dealing with surging demand for its Gemini Enterprise agent platform. Rather than wait years to build out its own capacity, Google is essentially renting a massive GPU fleet from SpaceX to bridge the gap.

Google retains full ownership of its intellectual property, data, and any models developed using SpaceX’s hardware. SpaceX manages the physical infrastructure, Google keeps the brains.

The payment structure includes a reduced fee period running through September 2026, with the full $920 million monthly rate kicking in starting October.

SpaceX’s pivot into AI infrastructure

This isn’t SpaceX’s first move into AI compute. The Google agreement is actually the company’s second major AI infrastructure contract in a short timeframe, following a similar deal with Anthropic, the AI safety company behind the Claude model family.

SpaceX disclosed this contract in its S-1 filing, with a major IPO expected during the week of June 12, 2026.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.