SpaceX signs $920 million a month cloud compute deal with Google

SpaceX disclosed via an SEC filing a $920 million per month cloud-compute contract with Google running from October 2026 to June 2029, providing roughly 110,000 Nvidia GPUs plus CPUs and memory. Paired with a similar Anthropic deal, the agreements push SpaceX’s disclosed compute-contract value above $70 billion and bolster its revenue profile ahead of a planned IPO targeting a $75 billion raise. The contracts include termination protections for Google and assign IP and data rights to Google. Market implications: the deals strengthen SpaceX’s valuation and near-term cash flow prospects, intensify demand for Nvidia GPUs (supportive for NVDA.OQ), and highlight robust enterprise willingness to pay for outsourced AI compute capacity despite big tech operating their own data centers.