$SPCX is a neocloud or hyperscaler?... Google Cloud is a top-three global hyperscaler, yet Google recently signed a massive deal to pay SpaceX $920 million per month ($11 billion/year) to lease raw GPU infrastructure through 2029. Google is doing this because renting from SpaceX allows them to scale immediately rather than waiting years to build out their own power grids. SpaceX already has 1.7 GW of compute power online, targeting up to 3 GW by the end of this year. Elon Musk plans to add an incremental 10 gigawatts of capacity in 2027, backed by a fresh $40 billion chip-buying debt facility. Traditional hyperscalers have the superior software, but SpaceX is rapidly locking down the global energy and chip pipelines required to run next-generation AI.