SpaceX has secured another major compute agreement ahead of its anticipated IPO, this time partnering with Google in a massive multi-year deal involving high-performance computing resources.
In a regulatory filing released on Friday, the company announced that Google will pay SpaceX approximately $920 million per month from October 2026 through June 2029 to access a large-scale compute infrastructure comprising around 110,000 NVIDIA GPUs, CPUs, memory systems, and related components.
The agreement closely mirrors a recently disclosed deal between SpaceX and Anthropic, which involves even larger compute usage commitments tied to SpaceX’s Colossus 1 data center near Memphis, Tennessee. That facility was originally developed for AI training workloads and is now part of SpaceX’s broader artificial intelligence infrastructure ecosystem.
Under the Anthropic arrangement, the AI company is reportedly paying $1.25 billion per month through 2029 for full access to available compute capacity at Colossus 1. Google’s agreement, by comparison, covers roughly half that scale. SpaceX has not disclosed which data center will be used for Google’s workloads, though CEO Elon Musk has previously indicated that the upcoming Colossus 2 facility may be reserved for xAI operations.
While Anthropic faced compute constraints prior to its agreement with SpaceX, Google is already considered one of the world’s largest AI compute operators. A Google spokesperson described the deal as a short-term arrangement driven by unexpected demand for its AI services, particularly its Gemini Enterprise platform.
“Google Cloud and SpaceX are long-time partners,” the company said. “This agreement ensures additional capacity to meet surging demand for our AI products, which has exceeded expectations.”
Meanwhile, Alphabet continues to expand its infrastructure spending aggressively, with capital expenditures exceeding $180 billion this year and projected to rise further in 2027. The company has also recently announced a significant equity sale to support its expansion plans.
The agreement includes flexibility clauses allowing either party to terminate the deal with 90 days’ notice after December 31, 2026. Google’s access will scale gradually through September at reduced fees. If SpaceX fails to deliver the agreed GPU capacity by September 30, 2026, Google may either terminate the contract or adjust payments based on delivered resources.
This landmark deal comes just a week before SpaceX is expected to begin trading on the Nasdaq. According to filings with the U.S. Securities and Exchange Commission, the company aims to raise approximately $75 billion at a valuation of around $1.75 trillion, potentially making it the largest IPO in history.
