Google Signs $30B SpaceX Cloud Deal with $920M Monthly Payments
GOOG•Google signed a $30 billion cloud services contract with SpaceX to supply 110,000 Nvidia GPUs and related hardware, committing to $920 million in monthly payments from October 2026 through June 2029. The agreement secures predictable cash flow for SpaceX while granting Google a 90-day exit option on the deal.
1. SpaceX Cloud Service Agreement
The $30 billion agreement covers cloud services from October 2026 through June 2029, under which Google will supply SpaceX with 110,000 Nvidia GPUs and related hardware. Google commits to roughly $920 million in monthly payments, marking one of the largest multi-year infrastructure contracts in Google Cloud's history.
2. Strategic and Financial Implications
The deal provides SpaceX with long-term financing predictability while allowing Google to withdraw with 90 days' notice, reflecting a cautious stance during a period of rising GPU demand. It also bolsters Google Cloud's competitive positioning by demonstrating its ability to secure large-scale AI infrastructure partnerships.
