By Will McCurdy
Publication Date: 2026-06-06 12:11:00
Google will pay Elon Musk’s SpaceX $920 million a month as part of a new cloud services deal, giving it access to some of the space exploration company’s computing capacity, including 110,000 Nvidia chips. The deal will net the company over $30 billion if implemented.
The news comes ahead of SpaceX’s planned initial public offering next week, which is expected to be valued at nearly $1.8 trillion and could make Musk a trillionaire because of his stake. According to an SEC filing, the Google deal runs from October 2026 to June 2029, with “capacity increased at a reduced fee through September.”
A Google spokesperson said this The New York Times that the deal is “a short-term, timely arrangement to ensure we have bridging capacity to meet increasing customer demand for its Gemini Enterprise agent AI platform,” which the statement said “has been even higher than we expected.”
Google has the right to terminate the deal if SpaceX does not deliver enough GPUs by September 30, 2026…
