SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday.
Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.”
The deal is similar in length and scope to the one SpaceX announced with Anthropic in late May. As part of that deal, Anthropic agreed to pay SpaceX $1.25 billion per month through 2029 to rent all the available compute from its Colossus 1 data center near Memphis, Tennessee that xAI — now part of SpaceX — originally built for its own artificial intelligence efforts.
The cloud deal isn’t the only pact that Google and SpaceX have been engaged in talks over. The two companies had been discussing launching the search company’s test products for orbital data centers, a person familiar with the matter said in May. Google previously said it was exploring deals with other launch providers for what the company called Project Suncatcher.
The Anthropic deal was for access to “over 220,000 NVIDIA GPUs,” the entirety of Colossus I.
It’s unknown how many GPUs currently make up Colossus II, xAI’s second Memphis data center, but it seems like Google is leasing a good chunk of what’s available there.
Clearly SpaceX sees leasing hardware to its competitors as more valuable than using it to power Grok. Given that the company will be making north of $2 billion a month between the two deals, it’s hard to disagree.
Notably, Google is building a data center in West Memphis, Arkansas, just on the other side of the Mississippi River from Memphis. That project was estimated to cost $4 billion. It won’t be long before the company pays that amount to SpaceX for rent.