SpaceX, owned by Elon Musk, has leased its computing superpowers to Google in a $30 billion deal, allowing the company behind the world’s best-known search engine to use its computing powers for $920 million a month until June 2029.
This comes as SpaceX prepares for a highly anticipated and largest initial public offering in corporate history. The space technology company acquired xAI in February 2026 and gained access to massive data centers, which could be useful for Alphabet Inc.
The agreement also highlights the enormous success achieved by SpaceX in just a few years, since in 2021 Google provided its computing services to the American space flight company to provide Internet services through Starlink satellites, another subsidiary of SpaceX.
The American multinational technology conglomerate has acquired the services of SpaceX, which operates huge data centers in the United States, with a total computing capacity of 2 GW.
Google plans to use 110,000 GPUs, processors and memory components deployed in data centers often referred to as “Colossus” between October 2026 and June 2029.
The agreement states that Google can terminate the contract if SpaceX does not provide the allocated number of GPUs by September of this year. Earlier this year, Anthropic AI also signed a similar deal with the world’s richest entrepreneur.
Why would Google need external computing power?
Because:
- AI training requires huge GPU resources.
- Demand for AI computing is growing faster than infrastructure construction.
- Even large companies are renting more and more capacity to third parties.
SpaceX filed for an initial public offering (IPO) and set a fixed price of $135 per share. The company aims to raise $75 billion and a valuation of $1.75 trillion.
