Published • loading... • Updated
Google to Pay SpaceX Nearly $1 Billion Monthly for Cloud Capacity
- On Friday, SpaceX announced a multi-year cloud services agreement with Google, securing $920 million monthly for access to approximately 110,000 Nvidia GPUs through June 2029.
- The agreement mirrors a deal SpaceX finalized last month with Anthropic; SpaceX previously merged with Elon Musk's xAI in a transaction valuing the combined entity at $1.25 trillion.
- If SpaceX fails to "deliver access to the committed amount of GPUs by September 30, 2026," Google may terminate the contract or accept reduced fees; both retain 90 days' cancellation rights after December 31, 2026.
- Ahead of its IPO next week, SpaceX is valued at around $1.75 trillion, aiming to raise around $75 billion while Google's stake is expected to be worth more than $100 billion post-offering.
- The companies are reportedly discussing 'Project Suncatcher' to develop orbital data centers, a significant component of SpaceX's future operational strategy beyond traditional cloud services.
Insights by Ground AI
Podcasts & Opinions
98 Articles
98 Articles
Google has concluded an agreement with SpaceX to guarantee the processing power needed for its artificial intelligence (AI). This millionaire partnership seeks to strengthen the capabilities of Gemini Enterprise through the...
·Portugal
Read Full Article
In the US, the space company SpaceX of Elon Musk and the Internet company Google have signed a billion-dollar contract.
·Germany
Read Full Article
SpaceX becomes a computing power provider for Google. A mega-contract signed this Friday, June 5 between the two US giants. Google will pay $920 million a month to rent ultra-powerful electronic chips owned by Elon Musk's company.
·Paris, France
Read Full Article
SpaceX is planning record trading, Google is paying billions for Musk's AI computing power.
·Berlin, Germany
Read Full Article
Coverage Details
Total News Sources98
Leaning Left11Leaning Right13Center13Last UpdatedBias Distribution35% Center, 35% Right
Bias Distribution
- 35% of the sources are Center, 35% of the sources lean Right
35% Right
L 30%
C 35%
R 35%
Factuality
To view factuality data please Upgrade to Premium
