SpaceX has added another lucrative deal to its revenue stream just ahead of its anticipated IPO.
Google has agreed to pay SpaceX $920 million a month for compute capacity from October 2026 to June 2029, according to a SpaceX filing submitted to the SEC on Friday.
The filing said the compute power included "approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components." Starting in 2027, either side can terminate the deal with 90 days' notice, according to the filing.
Google said in a statement to Business Insider that the deal was needed to meet demand for Gemini Enterprise, its agentic AI platform.
"Google Cloud and SpaceX are long-time partners," a Google Cloud spokesperson said. "This is a short-term, timely agreement 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."
SpaceX did not respond to a request for comment from Business Insider.
The filing came as SpaceX prepares for what's expected to be a record-setting IPO.
The deal with Google was also similar to another deal SpaceX has with Anthropic, the scope of which was revealed in SpaceX's S-1 filing last month. Anthropic is paying $1.25 billion a month through May 2029 in exchange for compute capacity from SpaceX's Colossus data centers.
"This structure allows us to monetize unused compute capacity in our infrastructure, while still permitting reallocation of the capacity for our own internal initiatives if needed in the future," SpaceX's S-1 said.
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Kelsey is a senior reporter for Business Insider, where she covers business and tech news as well as stories about travel, luxury, and consulting.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. It was also included on Longreads' and Pocket's best of 2022 lists. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her work. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at [email protected] or via the encrypted-messaging app Signal @kelseyv.21.Popular storiesDisaster on Denali: Inside a 1,000-foot fall on America's highest peakThrifting is more popular than ever. It's also never been worse.Rolex wouldn't service the vintage watch my mom inherited. Watchmakers say it happens all the time.A tiny, invasive bug and the climate crisis are changing how guitars are made, and shifting the course of music historyThe tourism free-for-all is overGovernment-run boarding schools were founded to 'civilize' Native Americans. Hundreds of dead children remain buried in the schoolyard graves.Meet the Texas minister who helps fly dozens of women to New Mexico every month to get abortionsPeople are flocking to Colorado for the great outdoors, but the air pollution is so bad, it's forcing many to stay insideInside Kabul: An aid worker reveals the devastating chaos that erupted during the US exit from Afghanistan
