Google to rent AI computing capacity from SpaceX for $920 million per month
Google has committed to spending $920 million per month at SpaceX for the next three years. This deal is valued at $30 billion, almost twice SpaceX’s total 2025 top line of $18.7 billion.
The agreement injects a last-minute detail into the discussion surrounding SpaceX’s upcoming initial public offering, which implies a $1.77 trillion valuation.
SpaceX’s IPO has raised doubts about whether the company could sustain its implied market cap, with some analysts contending that the space-launch specialist is only worth about half its implied market cap.
The deal highlights SpaceX’s AI infrastructure business, which provides critical technology to companies like Nvidia and Intel.