Google Will Pay SpaceX $920 Million Per Month for Compute…

Google has signed a substantial cloud services deal with SpaceX worth $920 million per month, granting access to SpaceX's computing resources, including 110,000 Nvidia chips. This agreement, expected to last from October 2026 to June 2029, could generate over $30 billion for SpaceX. It aligns with Google's increasing demand for computing capacity for its AI platform, Gemini Enterprise. The agreement includes performance clauses: Google can terminate the deal if SpaceX underdelivers. Historically, Google holds a 5% stake in SpaceX, stemming from a significant investment made in 2015.

PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing.

SpaceX Cropped Image

(Credit: Michael Yanow/NurPhoto via Getty Images)

Google is set to pay Elon Musk’s SpaceX $920 million a month in a new cloud services deal, which will give it access to some of the space exploration company's compute capacity, including 110,000 Nvidia chips. The deal will generate over $30 billion for the firm if it runs its course.

The news comes ahead of SpaceX’s planned IPO next week, which is expected to be worth almost $1.8 trillion and could make Musk a trillionaire based on his stake. According to an SEC filing, the Google deal will run from October 2026 to June 2029, with "capacity ramping up through September at a reduced fee."

A Google spokesperson told The New York Times that the deal “is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand” for its agentic AI platform, Gemini Enterprise, which it said, “has been even higher than we expected.”

PCMag logo

You May Also Like

Google has the right to terminate the deal if SpaceX fails to deliver enough GPUs by Sept. 30, 2026, following a one-month grace period. After Dec. 31, either party may terminate the agreement with 90 days' notice.

Google and SpaceX have long been closely linked. Google owns roughly 5% of the company, according to Bloomberg's estimates, after making a sizeable investment in the firm back in 2015.

Recommended by Our Editors

Firmware Suggests SpaceX Is Prepping Next-Gen Standard Starlink Dish

SpaceX May Provide Starlink Internet for Italian Government in $1.6B Deal

SpaceX and xAI, the AI start-up behind X’s chatbot Grok, merged earlier this year and have been making huge investments in AI infrastructure. These include the mammoth Colossus 1 data center in Memphis, Tennessee, which aims to eventually house one million GPUs. SpaceX has also announced the goal of operating nearly one million floating data centers in Earth's orbit. According to the soon-to-be-public company's prospectus for investors, it spent almost $7.7 billion on AI-related expenditures in the first quarter of the 2026 financial year.

SpaceX also announced a deal with Anthropic in May that would give the Claude maker access to "all of the compute capacity" at the Colossus 1 data center. That came after The Information reported that xAI was only using 11% of the Colossus 1 data center's compute capacity.

About Our Expert

Will McCurdy

Contributor

LinkedIn (Opens in a new tab)X (Opens in a new tab)Email Will McCurdy

Experience

I’m a reporter covering weekend news. Before joining PCMag in 2024, I picked up bylines in BBC News, The Guardian, The Times of London, The Daily Beast, Vice, Slate, Fast Company, The Evening Standard, The i, TechRadar, and Decrypt Media.

I’ve been a PC gamer since you had to install games from multiple CD-ROMs by hand. As a reporter, I’m passionate about the intersection of tech and human lives. I’ve covered everything from crypto scandals to the art world, as well as conspiracy theories, UK politics, and Russia and foreign affairs.

Latest By Will McCurdy

Read Full Bio