Elon Musk’s SpaceX has entered into a multi-year cloud services agreement with Google, valued at $920m per month starting from October 2026.
SpaceX, which is preparing for a stock market listing, has outlined the terms of the arrangement in a regulatory filing
As part of the deal, SpaceX will provide Google with approximately 110,000 Nvidia GPUs, CPUs, memory, and associated components to meet the latter’s compute requirements. Under the terms, payments will begin at a reduced rate during a ramp-up period through September, before reaching the full agreed monthly fee from October until June 2029. The agreement stipulates that if SpaceX fails to make the committed number of GPUs available by 30 September, Google will have the option, after a one-month grace period, to either terminate the contract immediately.
Alternatively, Google can accept the number of GPUs delivered for a reduced fee. After 31 December 2026, either party may end the agreement with 90 days’ written notice. Ownership and intellectual property rights for content, AI models, and associated data will remain with Google.