SpaceX has signed a $30 billion deal with Google to lease computing capacity, contributing to an expected annual revenue increase of over $26 billion. This agreement is announced ahead of a significant initial public offering for Elon Musk’s conglomerate, which spans rockets to artificial intelligence. The article is co-authored by Ryan McMorrow and George Hammond and was published on June 5, 2026.

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SpaceX signs $30bn deal to lease computing capacity to Google

Agreement comes ahead of a record-breaking initial public offering for Elon Musk’s rockets-to-AI conglomerate

The SpaceX logo appears in front of a rising red stock graph in this illustration. SpaceX’s deals with Google and Anthropic combined will contribute more than $26bn to the rocket maker’s annual revenue© Reuters

Ryan McMorrow and George Hammond in San Francisco

PublishedJune 5 2026

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