Overview
- SpaceX disclosed a contract to lease about 110,000 Nvidia GPUs to Google for $920 million per month, with capacity slated to run from October 2026 through June 2029 and a mutual 90‑day termination option that becomes available in 2027.
- Google described the deal as a short‑term move to secure extra compute for its Gemini Enterprise agents after demand exceeded its forecasts.
- The Google agreement follows an earlier SpaceX megadeal with Anthropic that will send the company roughly $1.25 billion per month beginning in July for use of the Colossus data centre.
- SpaceX is promoting these leases as evidence of growing commercial revenue as it reports heavy first‑quarter losses of $4.3 billion and prepares for an upcoming IPO.
- The deals highlight a wider industry squeeze on Nvidia GPUs and data‑centre capacity, show SpaceX shifting from rockets to AI infrastructure after absorbing xAI, and leave open questions about long‑term revenue durability because of the contracts' short‑term and terminable structure.