Google to pay SpaceX $920M monthly for 110,000 GPUs through 2029
GOOG•Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to 110,000 Nvidia GPUs, totaling $30 billion over the contract. Rates will start lower during a ramp-up period until full payments commence, with termination rights available after December 31 2026 on 90 days’ notice.
1. Deal Overview
SpaceX will provide Google Cloud with access to a dedicated cluster of approximately 110,000 Nvidia GPUs for training its Gemini AI models, under a computing agreement that begins ramping capacity in September 2026 and reaches full deployment in October 2026.
2. Financial Terms and Timeline
Google will pay SpaceX $920 million per month from October 2026 through June 2029, implying total payments of roughly $30 billion; a reduced rate applies during the initial ramp-up phase.
3. Strategic Implications for Google
The agreement secures critical AI computing resources for Google’s Gemini Enterprise platform and reduces reliance on in-house data center expansion, supporting the company’s AI growth strategy.
4. Contract Flexibility and Risks
Either party may terminate the deal with 90 days’ notice after December 31, 2026, and Google holds a one-month grace period to cancel if SpaceX fails to deliver the agreed GPU capacity by September 30, 2026.
