SpaceX has secured another major compute agreement ahead of its historic initial public offering, this time with Google.
According to TechCrunch, under the agreement, Google will pay SpaceX $920 million per month from October 2026 until June 2029 for access to approximately 110,000 NVIDIA GPUs, CPUs, memory and related computing components.
The arrangement is similar in duration and scale to a deal announced by SpaceX with Anthropic in late May. Under that agreement, Anthropic committed to paying $1.25 billion per month until 2029 for access to all available computing capacity at the Colossus 1 data centre near Memphis, Tennessee, originally built by xAI for its artificial intelligence operations.
Google's agreement covers roughly half the computing capacity available to Anthropic through Colossus 1. SpaceX did not disclose which data centre would provide the capacity. Chief Executive Elon Musk has previously indicated that the future Colossus 2 facility would be reserved for xAI.
Google said the agreement was driven by stronger-than-expected demand for its recently launched artificial intelligence products. The company described the arrangement as a short-term measure to provide additional capacity for Gemini Enterprise and related services.
The deal comes as Alphabet continues a substantial investment programme. The company has already committed more than $180 billion in capital expenditure this year and has indicated that spending is expected to increase further in 2027. Alphabet recently announced an $80 billion equity sale to support those plans.
The agreement contains a cancellation clause allowing either party to terminate the contract with 90 days' notice after December 31, 2026. Google will receive phased access to the computing resources through September at a reduced fee.
The filing states that if SpaceX fails to provide the agreed number of GPUs by September 30, 2026, Google may terminate the agreement after a one-month grace period or accept a reduced allocation in exchange for lower monthly payments.
SpaceX announced the agreement one week before its shares are expected to begin trading on the Nasdaq exchange. Securities filings indicate the company is seeking to raise approximately $75 billion at a valuation of about $1.75 trillion, which would make it the largest public offering in history.
Google has been a long-standing investor in SpaceX, and its stake is expected to exceed $100 billion in value following the IPO. The two companies are also reported to be discussing plans for orbital data centres, a key element of SpaceX's long-term strategy after the public offering.
