SpaceX signs $920 million per month deal with Google for 110,000 Nvidia AI chips ahead of IPO
Quick Answer
SpaceX has entered a $920 million monthly lease agreement with Google, providing access to 110,000 Nvidia AI chips for its Gemini Enterprise platform.
Quick Take
This deal highlights the increasing scarcity of AI infrastructure and the interdependence of major tech companies as they prepare for the future of AI.
Key Points
- SpaceX's deal with Google is valued at $920 million per month.
- Google will gain access to 110,000 Nvidia AI chips.
- The agreement supports Google's Gemini Enterprise platform.
- This reflects the growing scarcity of AI computing resources.
- Major tech companies are increasingly intertwined in their operations.
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~1 min read
Jun 6, 2026
SpaceX signed a $920 million per month contract with Google, according to an SEC filing. The deal runs from October 2026 through June 2029, potentially netting SpaceX around $30 billion total. Google gets access to about 110,000 Nvidia AI chips to meet customer demand. A Google Cloud spokesperson told the New York Times it was a "short-term, timely agreement to ensure we have bridge capacity" for its Gemini Enterprise agent platform.
SpaceX is planning an IPO next week at a potential valuation above $1.7 trillion. Google holds about five percent of SpaceX, giving it a direct stake in a strong debut. The deal also doubles as advertising for Google's AI products, since SpaceX's IPO is drawing massive attention.
SpaceX previously locked in a $1.25 billion monthly deal with Anthropic. Both agreements position SpaceX as an AI infrastructure provider. Musk originally built the capacity for his own AI lab, xAI, which has lagged behind competitors. Leasing it out makes financial sense.
— Originally published at the-decoder.com
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