Google Signs $920M Monthly Deal for 110,000 Nvidia GPUs at SpaceX Data Center
NVDA•Google will pay SpaceX $920 million monthly from October 2026 through June 2029 for access to about 110,000 Nvidia GPUs at SpaceX’s Memphis data center. The arrangement, originally built for xAI’s Colossus campus after the $1.25 trillion SpaceX-xAI merger, underscores accelerating enterprise demand for Nvidia’s GPU infrastructure.
1. Deal Structure
Google committed $920 million per month from October 2026 through June 2029 for access to about 110,000 Nvidia GPUs at SpaceX's Memphis data center, with capacity ramping through September at a reduced fee.
2. Origin of Infrastructure
The compute capacity was originally built for xAI’s Colossus campus prior to its merger with SpaceX in early 2026, a transaction that combined valuations of $1 trillion for SpaceX and $250 billion for xAI under a $1.25 trillion deal.
3. Impact on Nvidia
The agreement highlights accelerating enterprise demand for Nvidia’s GPU infrastructure, which could drive substantial revenue growth and necessitate production increases to meet large-scale AI compute requirements over the next three years.
