Google Agrees to $920 Million Monthly Data Center Deal With SpaceX

Ahead of the company's initial public offering, SpaceX and Google have agreed to a deal in which Google will rent data-center capacity from the rocket company, according to The Wall Street Journal. 

With this deal, Google will pay SpaceX an eye-popping $920 million a month from October 2026 through June 2029. The deal also includes a computing capacity of at least 110,000 Nvidia chips, per securities filings. 

The Journal says that this deal has a "ramp-up over the summer," and if, by October, Google doesn't have the chips SpaceX promised, they can cancel the deal. Also, either party can cancel the deal at the start of 2027 with 90 days' notice. 

This is the second deal SpaceX has made to rent out computing capacity to a competitor. SpaceX is going public on June 12, and the Journal says that the public offering values the company at $1.77 trillion. 

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Part of the pitch to investors was that SpaceX planned to build data centers in space because costs on Earth have driven up energy bills. 

Google was an early investor in SpaceX, and a Google executive, Donald Harrison, is on their board. 

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