Google to pay SpaceX $920 million per month for AI compute capacity through June 2029

Google inked a deal with SpaceX to rent AI compute capacity for $920 million per month, with the arrangement lasting from October 2026 to June 2029. SpaceX's facilities contain around 110,000 Nvidia GPUs.

The deal represents a 'bridging' solution to help Google meet demand for its own AI infrastructure. The arrangement is notable because Google, despite being a major technology company with substantial cash reserves, is turning to external compute providers rather than building out capacity entirely on its own.

For SpaceX, the deal serves as a revenue driver ahead of the company's planned IPO. For Google, the agreement signals that AI demand remains high enough to require additional compute resources beyond what the company has built internally.