SpaceX to lease AI compute capacity to Google for $920 million monthly
SpaceX agreed to lease AI infrastructure to Google for $920 million per month over 32 months, generating $30 billion in projected revenue. The deal was announced just before SpaceX completed the largest IPO in history.
SpaceX announced a 32-month agreement to lease AI infrastructure to Google for $920 million per month, a deal projected to bring $30 billion in revenue to the rocket maker's AI division just ahead of its IPO.
The arrangement allows Google to rent AI compute capacity from SpaceX's Colossus data centers in and around Memphis, Tennessee. A Google Cloud spokesperson said the deal was made "to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected." Under the terms, Google can terminate the agreement after a one-month grace period if SpaceX fails to deliver the requisite AI chips by Sept. 30, 2026. After 2026, either party can exit with 90 days notice.
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