Key facts
- Google signed a $30 billion deal to lease computing power from SpaceX.
- The monthly payment for this computing power is $920 million.
- The agreement is set to last through June 2029.
- SpaceX acquired xAI in February 2026, gaining significant data centers.
- The deal was announced ahead of SpaceX's upcoming IPO.
Google has entered into a substantial $30 billion agreement to lease computing power from SpaceX. Under the terms of the deal, Google will pay $920 million per month for this capacity, with the arrangement scheduled to continue until June 2029. This significant move by Google comes after SpaceX's acquisition of xAI in February 2026, a transaction that provided SpaceX with extensive data center infrastructure. The announcement of this computing power lease precedes the highly anticipated initial public offering (IPO) of SpaceX, which is slated for next week.