SpaceX disclosed that it has signed a major infrastructure agreement with Google under which the technology giant will pay approximately $920 million per month for AI compute capacity hosted at SpaceX data centers, according to a regulatory filing reported by CNBC.
The agreement calls for Google to utilize roughly 110,000 Nvidia graphics processing units, along with CPUs, memory, and related infrastructure housed within SpaceX-operated data centers. The contract runs from October 2026 through June 2029, with capacity ramping up before full deployment.
According to the filing, Google has the right to terminate the agreement if SpaceX fails to deliver the committed GPU capacity by September 30, 2026. After the first year, either party may terminate the agreement with 90 days’ notice.
A Google Cloud spokesperson told CNBC the arrangement was designed to provide additional infrastructure capacity to support growing demand for Gemini Enterprise, the company’s AI platform for large organizations.
The deal represents the second major AI infrastructure agreement announced by SpaceX following its merger with xAI earlier this year. Last month, Anthropic disclosed an agreement to utilize the full compute capacity of SpaceX’s Colossus 1 data center in Memphis, Tennessee.
The agreement comes shortly before SpaceX’s planned initial public offering, which is expected to value the company at more than $1.75 trillion. SpaceX stated in its prospectus that first-quarter capital expenditures totaled $10.1 billion, with approximately $7.7 billion allocated to AI-related investments and infrastructure development.
The company reported that its AI segment generated $818 million in revenue during the quarter while recording an operating loss of approximately $2.5 billion.
SpaceX said the compute infrastructure built for xAI and Grok-related workloads provides flexibility to lease excess capacity to third parties while supporting broader AI infrastructure initiatives.
Google continues to significantly increase AI spending as competition intensifies among major cloud and AI providers. The company recently increased its projected capital expenditures for the year to between $180 billion and $190 billion and announced plans to raise additional capital to support customer demand.
The agreement also reflects the evolving relationship between the two companies. In 2021, Google and SpaceX entered a cloud services partnership that enabled SpaceX to utilize Google Cloud infrastructure and networking resources in support of Starlink satellite internet operations.
