Google to Pay SpaceX Nearly $1 Billion Monthly for Cloud Capacity
- On Friday, SpaceX announced a multi-year cloud services agreement with Google, securing $920 million monthly for access to approximately 110,000 Nvidia GPUs through June 2029.
- The agreement mirrors a deal SpaceX finalized last month with Anthropic; SpaceX previously merged with Elon Musk's xAI in a transaction valuing the combined entity at $1.25 trillion.
- If SpaceX fails to "deliver access to the committed amount of GPUs by September 30, 2026," Google may terminate the contract or accept reduced fees; both retain 90 days' cancellation rights after December 31, 2026.
- Ahead of its IPO next week, SpaceX is valued at around $1.75 trillion, aiming to raise around $75 billion while Google's stake is expected to be worth more than $100 billion post-offering.
- The companies are reportedly discussing 'Project Suncatcher' to develop orbital data centers, a significant component of SpaceX's future operational strategy beyond traditional cloud services.
90 Articles
90 Articles
SpaceX becomes a computing power provider for Google. A mega-contract signed this Friday, June 5 between the two US giants. Google will pay $920 million a month to rent ultra-powerful electronic chips owned by Elon Musk's company.
SpaceX is planning record trading, Google is paying billions for Musk's AI computing power.
SpaceX signed a great deal with Google, with which the company founded and led by Elon Musk undertakes to provide the technological giant with an important computing computing capacity in exchange for $30 billion. This agreement, which will have a three-year validity, Google will pay $920 million per month until June 2029 for renting about 110,000 graphic processors (GPU) from the manufacturer Nvidia. Payments will start in October, as detailed …
Collous 1 is the most powerful supercomputer in the world, a center consisting of over half a million processors, operated by Elon Musk's company, SpaceX and located in Memphis, USA. SpaceX's space company has concluded an agreement for computing power services, before its historical listing on the stock exchange, this time with Google. ...
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