Google has agreed to a $30 billion deal to lease computing power from SpaceX, with payments of $920 million per month set to continue through June 2029. This agreement follows SpaceX's acquisition of xAI and precedes SpaceX's upcoming IPO.
This deal highlights the increasing demand for massive computing resources driven by AI development and signals a strategic partnership between major tech players, potentially impacting the competitive landscape for AI infrastructure and cloud services.
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.
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