Google has agreed to pay SpaceX $920 million a month for access to additional computing power, as the technology giant looks to meet rising demand for its artificial intelligence services.
The agreement, disclosed in a regulatory filing, will run from October 2026 until June 2029. It gives Google access to about 110,000 Nvidia graphics processing units, alongside processors, memory, and related equipment needed to operate large-scale AI systems.
The deal comes as technology companies compete for increasingly scarce computing resources. Google already runs one of the world’s largest networks of data centres, but demand for its enterprise AI products has grown faster than expected.
“Google Cloud and SpaceX are long-time partners,” Google said in a statement. “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.”
Alphabet, Google’s parent company, has been ramping up investment in infrastructure as it expands its AI business. The company expects capital expenditure to reach between $180 billion and $190 billion this year, with further increases anticipated in 2027.
For SpaceX, the contract adds a major source of revenue ahead of its expected stock market debut. The company, best known for its rockets and Starlink satellite internet service, has been broadening its business beyond space launches and communications.
The Google agreement follows a separate deal with Anthropic, the company behind the Claude AI platform. Anthropic has committed to paying SpaceX $1.25 billion a month for access to Colossus 1, a data centre near Memphis, Tennessee, that was originally developed for xAI.
SpaceX has not said which facility will be used by Google. Elon Musk has previously suggested that Colossus 2 would remain reserved for xAI.
The contract includes provisions allowing either company to cancel the arrangement with 90 days’ notice after 31 December 2026. Google may also terminate the agreement if SpaceX fails to provide the promised number of processors by the deadline.
The announcement comes shortly before SpaceX is expected to begin trading on the Nasdaq. The company is seeking to raise about $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest initial public offering on record.