Google has agreed to pay SpaceX roughly $920 million a month for AI compute capacity hosted at the data centers SpaceX gained through its merger with xAI. The deal runs from October 2026 through June 2029 — a 33-month window worth about $30 billion — and gives Google access to around 110,000 Nvidia GPUs plus CPUs, memory and other components.
Google framed the arrangement as a stopgap, calling it "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." Either party can walk away with 90 days' notice after December 31, 2026, and Google can exit immediately if SpaceX fails to deliver the committed GPUs by September 30.
The contract is SpaceX's second major AI infrastructure deal since the xAI merger — Anthropic has reportedly committed about $1.25 billion a month for roughly double the capacity. It lands as SpaceX heads toward a record IPO at a ~$1.75 trillion valuation, with Alphabet planning more than $180 billion in 2026 capital spending to keep up with AI demand.