SpaceX signs $920 million per month contract with Google for 110,000 Nvidia AI chips through June 2029

SpaceX secured a $920 million per month deal with Google running from October 2026 through June 2029, potentially totaling around $30 billion. Google receives access to about 110,000 Nvidia AI chips for its Gemini Enterprise agent platform (AI software that makes decisions and takes actions autonomously).

The agreement provides Google what a Google Cloud spokesperson described as "bridge capacity" ahead of SpaceX's planned IPO next week at a potential valuation above $1.7 trillion. Google holds about five percent of SpaceX.

SpaceX previously signed a $1.25 billion monthly deal with Anthropic. Both agreements position SpaceX as an AI infrastructure provider, leasing capacity originally built for its own AI lab, xAI.