Google to buy computing from Spacex at $920 million per month; filing shows 90 days notice period and says: Agreement may be terminated by …
Google has agreed to pay Elon Musk’s Spacex $920 million a month for computing power as part of a cloud-services deal. According to a Securities Exchange Commission (SEC) filing by Spacex, the deal runs through mid-2029. As per the agreement, Google will pay Spacex the monthly fee from October through June 2029, with capacity ramping up through September at a reduced cost. In case Spacex fails to deliver the access to the ‘guaranteed’ Nvidia chips as part of the deal by September 30, Google has the right to terminate the contract, with a one-month grace period. SpaceX has announced the deal just days before the company’s stock is expected to start trading on the Nasdaq exchange. As per the SEC filing, the Google-Spacex compute deal covers “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.” From the looks, the deal appears similar in length and scope to the one SpaceX announced with Anthropic in late May. As part of that Anthropic agreed to pay Spacex $1.25 billion per month through the year 2029 to rent all the available compute from its Colossus 1 data center near Memphis, Tennessee that Elon Musk’s company xAI originally built for its own artificial intelligence efforts. Spacex has not so far revealed which specific data center Google would be using. With these deals, Anthropic and Google will be paying a combined $2.17 billion per month for compute capacity to Spacex.
What Spacex SEC filing says on Google deal
“On June 5, 2026, we entered into a Cloud Service Agreement with Google with respect to access to compute capacity. The customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. After December 31, 2026, the agreement may be terminated by either party upon 90 days’ notice. The customer will retain ownership of, and intellectual property rights in, its content, Al models, and related data,” reads Spacex’s SEC filing.
Google on compute deal with Elon Musk’s Spacex
In a statement, a Google representative described the deal as a result of unexpected demand for its recently launched AI products. “Google Cloud and SpaceX are long-time partners,” Google said in a statement. It added, “This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected.”Incidentally, Google is a longtime investor in Spacex. Its stake in Elon Musk’s company is expected to be worth more than $100 billion after the IPO. The companies are also reportedly in talks to try to build orbital data centers — a major component of Spacex’s future plans. Google CEO Sundar Pichai too has spoken about the company’s interest in Space data centers.
