SpaceX has secured a $920 million per month deal with Google for cloud computing capacity, running from October 2026 through June 2029, according to livemint.com. This agreement marks a major expansion of SpaceX's data center operations and adds a significant revenue stream ahead of its anticipated IPO.
The deal was finalized as part of a deepening partnership between Google and SpaceX, with Google committing to pay nearly $920 million monthly for access to SpaceX's compute power. The contract spans almost three years, reflecting Google's strategic investment in SpaceX's infrastructure capabilities. This move highlights SpaceX's pivot toward artificial intelligence and cloud services alongside its aerospace business.
This agreement is one of the largest infrastructure commitments by a major technology company to SpaceX, underscoring the growing importance of cloud computing capacity in the tech sector. It positions SpaceX as a key player in the cloud infrastructure market, competing with established providers. The deal also reflects broader industry trends where tech giants are investing heavily in cloud and AI-related infrastructure to support expanding workloads.
The contract will begin in October 2026 and continue through June 2029, providing SpaceX with a steady revenue stream of $920 million per month. This deal is expected to significantly bolster SpaceX's financial position ahead of its planned initial public offering.