The deal, alongside a $1.25B Anthropic agreement, boosts SpaceX’s annual run rate by $26B before its June 12 IPO.
SpaceX announced a $920 million monthly deal with Alphabet’s Google to rent 110,000 Nvidia GPUs, CPUs, and memory from October 2026 through June 2029. The agreement follows a $1.25 billion monthly GPU capacity deal with Anthropic, both featuring 90-day cancellation windows.
The deals add $26 billion to SpaceX’s annual run rate between its IPO filing and first trade, per Epistrophy Capital Research. However, SpaceX’s AI division, SpaceXAI, has driven accelerating losses, with Q1 costs rising sharply.
The timing of these deals, ahead of SpaceX’s June 12 IPO, aims to justify its valuation but has raised concerns over their short-term flexibility and long-term profitability.