Company filings show that Google (GOOG.O) has agreed to pay SpaceX $920 million per month for computing capacity as part of a cloud services agreement set to last until mid-2029. In filings submitted on Friday, SpaceX stated that Google will make monthly payments to SpaceX from October through June 2029, with the provided computing capacity including approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. The computing power will ramp up gradually until September, with corresponding reductions in fees. The filings indicate that if SpaceX fails to deliver the agreed-upon number of GPUs by September 30, 2026, Google has the right to terminate the contract, with a one-month grace period. Additionally, according to the agreement disclosed on Friday, either party may terminate the agreement by providing 90 days’ prior notice.
Google agrees to pay $920 million monthly for computing power from SpaceX until 2029.
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Summary
On-chain news: Google has agreed to pay SpaceX $920 million per month for computing power under a cloud services agreement lasting until mid-2029. The deal covers 110,000 NVIDIA GPUs, CPUs, memory, and related components. Payments begin in October and continue through June 2029. Capacity will increase before September, with costs decreasing. If SpaceX fails to deliver the GPUs by September 30, 2026, Google may terminate the contract with one month’s notice. Either party may end the agreement with 90 days’ notice. Crypto news: The deal underscores rising demand for high-performance computing in the technology and blockchain sectors.
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