SpaceX disclosed in its latest regulatory filing that Google has signed a long-term computing power leasing agreement with it. According to the disclosure, Google will pay $920 million per month from October 2026 to June 2029 for the right to use approximately 110,000 NVIDIA GPUs, CPUs, memory, and related components. This contract comes a week before SpaceX's expected Nasdaq listing, giving the market further insight into the revenue scale of its AI infrastructure business.
The contract covers approximately 110,000 GPUs.
The documents show that the resources covered by this agreement include approximately 110,000 NVIDIA GPUs, as well as CPUs, memory, and other supporting hardware. Google will gradually integrate the relevant data center resources by September 2026, with low costs during this period, after which it will enter the formal billing phase.
If SpaceX fails to deliver the promised number of GPUs by September 30, 2026, Google has the option, after a one-month grace period, to either terminate the agreement immediately or accept the delivered resources and reduce the monthly fee proportionally.
- Formal payment period: October 2026 to June 2029
- Monthly expenses: $920 million
- Resource scale: Approximately 110,000 GPUs and related components
Both parties may terminate the contract after the end of 2026.
The agreement also includes termination clauses. After December 31, 2026, both SpaceX and Google can terminate the contract with 90 days' notice. This means that although the agreement covers multiple years, both parties still retain room for adjustment.
TechCrunch points out that this arrangement is similar to another large computing power contract previously disclosed by SpaceX. In late May, Anthropic agreed to pay $1.25 billion per month to lease computing power resources from SpaceX's Colossus 1 data center near Memphis, Tennessee, with the contract also extending to 2029.
Continue to expand computing power revenue before IPO
Compared to the Anthropic contract, Google's acquisition of computing power is roughly smaller, but it still represents a very large AI infrastructure order. SpaceX did not specify which data center Google will use. Musk previously stated that the Colossus 2 data center would be reserved for xAI, which is now integrated into SpaceX.
Regulatory filings also show that SpaceX plans to raise approximately $75 billion through this IPO, valuing the company at around $1.75 trillion. If all goes smoothly, this will be one of the largest IPOs in history.
Google is also a long-term investor in SpaceX. The report mentions that after SpaceX goes public, Google's stake could be worth over $100 billion. In addition to computing power cooperation, the two companies are reportedly also discussing the construction of an orbital data center, which is part of SpaceX's business plan after its IPO.
Additional information:TechCrunch reports that both Google and Anthropic contracts contain similar early termination clauses, indicating that SpaceX currently prefers an adjustable long-term lease model when selling computing power.
