Elon Musk created SpaceX for space exploration, reducing costs related to transportation and ultimately colonizing Mars, but what he has found is a vein on Earth: Google and SpaceX They just signed a lucrative agreement of infrastructure that puts Elon Musk’s space company at the center of the enterprise AI ecosystem. Among other things, because it is not the first agreement it has signed of this type: in May it already made same with Anthropic.
Bottom line: Google is going to pay SpaceX almost a billion dollars a month to lend it computers. It may be a simplification, but it is not an exaggeration: SpaceX has tens of thousands of the most powerful graphics cards in the world in its data centers and Google urgently needs them so that its artificial intelligence continues to stand up in the AI battle.
920 million dollars a month. That is the agreed price for the rental of part of its processing capacity, specifically 110,000 Nvidia GPUs, CPUs, memory and related components, from October 2026 to June 2029. That is, approximately $30 billion over the life of the contract. The rollout will be progressive, so until its entry into force in October, Google will pay a lower rate.
To put the movement in perspective, Jensen Huang, revealed As of October 2025, the company had shipped a cumulative total of 4 million Hopper GPUs (H100 and H200) and 3 million Blackwell GPUs since its launch. The 110,000 GPUs in the Google and SpaceX contract are equivalent to what Nvidia ships globally in about a week at the current production rate.
Why is it important. Because it is a reflection of the current state of the race for AI: Google is a company with plenty of financial and technological muscle. Without going any further, Google together with Amazon and Microsoft control more than 60% of the global cloud infrastructure market, according to data from Synergy Research (yes, with a 14% share in cloud infrastructure (IaaS/PaaS), it is the third in contention). And still it is not enough: TechCrunch collects the statements from a Google representative explaining that demand for Gemini Enterprise has even exceeded their expectations.
For SpaceX, the impact is tremendous: the space launch company has managed to partially and on the fly convert itself into a cloud infrastructure provider. The agreement also comes at the perfect time: one week before its shares begin trading on the Nasdaq. Documentation provided to the Securities and Exchange Commission reveals that Musk’s company intends to raise $75 billion at a valuation of approximately $1.75 trillion, the largest IPO in history.
Context. As we mentioned in the intro, the agreement reached between SpaceX and Google is similar to the one reached with Anthropic at the end of May and by which the company led by Dario Amodei agreed to pay $1.25 billion per month until 2029 to rent all the available capacity of the Colossus 1 data center in Memphis, Tennessee. As a curiosity, this center was initially built by xAI, now integrated into SpaceX.
Alphabet, Google’s parent company, is investing ruthlessly. Already is committed more than 180 billion dollars to spend on technological infrastructure in 2026 alone and has announced an expansion of 80 billion more. The agreement with SpaceX is the bridge while it materializes.
In detail. As with the agreement with SpaceX, there is a cancellation clause: if it fails to provide access to the number of GPUs committed by September 30, 2026 (just one day before the full deployment takes effect), Google can either accept the number provided with a reduction in that quota or cancel everything. Likewise, both SpaceX and Google can terminate the agreement simply with 90 days’ notice after December 31, 2026.
Important: Google retains all intellectual property of its AI models, content and data even if they run on SpaceX servers. SpaceX puts in the machinery, but doesn’t have access to what’s inside.
Yes, but. The cancellation clause puts a possibility on the table: that SpaceX cannot provide those 110,000 operational GPUs before September 30, 2026, something essential to close this lucrative agreement under the terms described.
This agreement with Google and the previous one with Anthropic put an obvious conflict of interest on the table: SpaceX is an infrastructure provider for two of the big rivals of xAI and its Grok models, so Elon Musk finds himself in a curious situation: he is the one who decides which infrastructure he gives up and which one stays. We do not know which SpaceX data center will be for Google and Musk has already indicated, according to TechCrunchthat Colossus 2 is reserved for xAI.
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