Google rents SpaceX/AI supercomputers for $920M a month, ahead of IPO
Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.
Published on 06/06/2026 - 19:03 GMT+2
Google has made a deal with SpaceX to rent the company's computing capacity. For this arrangement, Google will pay €920 million per month for 32 months.
The roles have been reversed with this development, as just five years ago, it was Google that agreed to supply computing resources to SpaceX to deliver internet service via its Starlink satellites.
However, since SpaceX acquired the artificial intelligence firm xAI back in February 2026, both of which are owned by Elon Musk, it now operates multiple massive data centres in the US, referred to as the 'Colossus', with a total computing capacity of over 2 GW, and 'SpaceX/AI' now has a combined estimated value of $1.25 trillion.
The deal came days before SpaceX's planned IPO. The company also announced a similar arrangement with Anthropic in May.
Google's parent company, Alphabet, invested in SpaceX in 2015, when the company was worth only $12 billion. Today, SpaceX is looking to go public at a valuation of over $1.75 trillion. The Google deal is expected to boost the IPO valuation even further.
“We believe our compute infrastructure and related strategy provide us with substantial flexibility in how we allocate and monetise capacity,” SpaceX wrote in its IPO filing inside the section of “compute service agreements with third parties.”
Over a hundred thousand dedicated processors
According to a regulatory filing on Friday, Google will use 110,000 Nvidia GPUs, processors and memory components deployed in SpaceX’s data centres.
The utilisation window will be between October 2026 and June 2029.
According to the agreement, if SpaceX fails to “deliver access to the committed amount of GPUs by September 30, 2026,” Google can immediately terminate the agreement or accept the GPUs provided at a reduced fee after a one-month grace period.
The Google agreement marks the second major infrastructure deal announced by SpaceX following the merger with xAI.
Google is aiming to scale capacity to meet increased customer demand for AI platforms and agents, especially among large businesses, NBC reports.
Although Musk's Grok AI model has not yet been profitable, the world's richest entrepreneur showcases these deals with Google and Anthropic as a worthy return on the investment of large-scale data centres.
Meanwhile, deepfake pornography generated via Grok has triggered a global regulatory backlash against xAI, with the tech firm now facing multiple lawsuits and state probes over non-consensual explicit content, which may result in heavy fines. In the UK alone, data protection violations under the UK GDPR can lead to fines of up to 4% of worldwide annual revenue.
