920 million, the monthly price Google will pay SpaceX for access to large-scale AI compute under a multi-year contract disclosed in a regulatory filing. The agreement commits Google to pay $920 million per month from October 2026 through June 2029 for access to roughly 110,000 NVIDIA GPUs plus central processors, memory and related components. The filing says Google will ramp access through September 2026 at a reduced fee, and it includes delivery-based termination rights if SpaceX fails to meet the GPU commitment by September 30, 2026. SpaceX disclosed the deal days before a planned Nasdaq listing that the filing says targets a record-sized IPO.

110,000. That's the approximate number of NVIDIA GPUs Google will gain access to under the contract, together with CPUs, memory and other components described in the filing. The filing frames the agreement as a way for Google to bridge an immediate capacity shortfall while it scales its own infrastructure to meet enterprise demand for Gemini Enterprise, Google said in a statement. "Google Cloud and SpaceX are long-time partners. 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," Google said.

Deal terms and delivery protections

The headline number is $920 million per month for the main term, running from October 2026 to June 2029. The filing repeats that canonical figure and adds that access will ramp up through September 2026 at a reduced fee, implying a staged handover of capacity ahead of the October full-rate start. Payments are operationally tied to delivery and availability of the committed hardware.

The contract contains a delivery-based termination clause that triggers if SpaceX doesn't provide the agreed number of GPUs by September 30, 2026. After a one-month grace period, Google may either accept a smaller quantity at a reduced fee or terminate the agreement immediately. The filing also gives either party the right to cancel with 90 days notice beginning January 1, 2027. Those mechanisms make the deal conditional and time-limited rather than an open-ended capacity purchase.

SpaceX didn't identify which of its data centres will host the Google workloads. The filing presents the agreement as a way for SpaceX to monetise unused compute capacity in its Colossus-class infrastructure. The Colossus family is the same asset set tied to a separate, larger commitment from Anthropic that the filing says will see Anthropic pay $1.25 billion per month for Colossus 1 capacity. Reporting around the contracts described Google’s arrangement as roughly half the compute footprint Anthropic contracted for at Colossus 1, a comparison the filing itself makes part of the commercial context.

Capital spending and the timing of the IPO

SpaceX has directed heavy capital spending into data centres and AI infrastructure, the filing shows. The company disclosed that capital expenditures rose sharply and said the vast majority of recent spending has gone to AI-related infrastructure.

Mastheads

Monetising excess compute has become a visible revenue lever for the company as it positions those investments ahead of a planned liquidity event.

SpaceX announced the Google agreement days before filing paperwork that outlines its intended Nasdaq listing. The filing positions the compute contracts with Google and Anthropic as early commercial traction for Colossus, and as evidence that the company can sign enterprise customers for the capacity it has built. The timeline in the filing says SpaceX will probably begin trading on the Nasdaq next week.

Operationally, the arrangement reads like a stopgap for Google and an early revenue stream for SpaceX. For Google, the filing and the company statement make clear the deal is intended as a bridge to handle higher-than-expected enterprise demand for the Gemini Enterprise agent platform while Google expands its own cloud infrastructure. For SpaceX, the agreement turns idle or underused Colossus capacity into contracted revenue ahead of the IPO.

Neither party disclosed detailed provisioning plans in the public filing. That leaves open questions about which Colossus sites will host Google workloads and how the two companies will sequence physical deployments between now and the September delivery milestone. The ramp language, the reduced-fee period through September, and the delivery-based payment adjustments all indicate the companies expect staging and contingency planning to be required as hardware is provisioned and tested.

The commercial math is large even by hyperscale standards. At $920 million per month, the agreement commits billions in spend across the roughly 33-month main term. The Anthropic deal recited in the filing, at $1.25 billion per month for Colossus 1 capacity, provides a scale benchmark that makes the Google arrangement a material but smaller slice of SpaceX’s Colossus monetisation effort.

For cloud customers and enterprises, the immediate effect is practical rather than strategic. The deal is meant to ensure Google can continue to sell and deliver Gemini Enterprise capacity to customers who are already demanding large model hosting and agent services. For SpaceX, it's a commercial demonstration that the Colossus buildout can produce contracted revenue at scale.

The filing makes clear the arrangement is neither permanent nor unconditional. Payment reductions tied to shortfalls, the grace period and the 90-day cancellation clause starting in January 2027 all give Google flexibility if ramping or provisioning runs into obstacles. At the same time, the fees committed for the October 2026 to June 2029 window create predictable revenue if SpaceX delivers to plan.

Taken together, the deals cited in the filing show how Colossus will be marketed to large model operators as an offsite capacity option. The transaction with Google reads as a tactical purchase to close an immediate gap. The Anthropic commitment, by contrast, is presented as the larger anchor customer for Colossus 1.

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SpaceX expects to begin trading on the Nasdaq next week, according to the filing's timeline. The Google and Anthropic compute commitments are central to SpaceX's pitch that Colossus can produce large, contracted revenue ahead of that listing. Originally reported by TechCrunch.

This article was created with AI assistance.