Google to pay SpaceX $920 million

Ahead of a planned IPO, SpaceX inked a deal to rent compute capacity to Google for $920 million per month for 32 months.

1. Frame 1Google turns to SpaceX for AI capacity, signing a $920 million monthly deal as Gemini Enterprise customers strain supply.
2. Frame 2The lease covers about 110,000 Nvidia GPUs plus CPUs, memory, and related components in SpaceX infrastructure.
3. Frame 3Capacity ramps at reduced fees through September, then full monthly payments run from October 2026 through June 2029.
4. Frame 4Google calls the deal bridge capacity after enterprise AI customer demand came in higher than expected.
5. Frame 5If SpaceX misses the September 30 GPU commitment, Google can terminate after a one-month grace period.
6. Frame 6After December 31, either side can exit on 90 days notice, testing the AI buildout market.