SpaceX enters $920M per month cloud service agreement with Google

According to a regulatory filing, on June 5, 2026, SpaceX (SPCX) said it entered into a Cloud Service Agreement with Google LLC (GOOGL) with respect to access to compute capacity. The compute capacity provided includes roughly 110,000 Nvidia (NVDA) GPUs, CPUs, memory, and other related components. Pursuant to the agreement, the customer has agreed to pay SpaceX $920M per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. If the company fails to deliver access to the committed amount of GPUs by September 30, 2026, then following a one-month grace period, Google may immediately terminate the agreement or accept the number of GPUs provided, with a corresponding pro rata reduction in the monthly fees. After December 31, 2026, the agreement may be terminated by either party upon 90 days' notice. The customer will retain ownership of, and IP rights in, its content, AI models, and related data.