Saturday, June 6, 2026
SpaceX inks $30B Google AI compute deal ahead of IPO
SpaceX disclosed in an amended S-1 on June 5 that Alphabet's Google will pay it $920 million per month from October 2026 through June 2029 - about $30 billion - for roughly 110,000 NVIDIA GPUs, CPUs, memory, and related infrastructure routed through its Memphis Colossus 1 data center. Coming on top of a separate $1.25B/month Anthropic pact unveiled May 6 for the full ~220,000-GPU, 300 MW Colossus 1 capacity, the deal lifts SpaceX's disclosed AI-compute backlog to more than $70 billion and reframes the post-xAI-merger company as a major AI hyperscaler days before its planned June 12 Nasdaq debut under ticker SPCX.
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