$GOOGL is paying $SPCX here, not the reverse. Per SpaceX's latest S-1, Google will pay about $920M a month from October 2026 through June 2029, roughly $30B in total, to rent around 110,000 $NVDA GPUs plus CPUs and memory. So $SpcX is the landlord, renting out the Colossus compute it picked up through xAI. $Goog, which already has its own TPUs, is the tenant. And it lands right before the $SpcX IPO. Read: bullish for $SPCX revenue and another demand signal for $NVDA.
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