Google to pay SpaceX $920m a month for cloud computing through mid‑2029

Alphabet Inc.’s Google will pay Elon Musk’s SpaceX $920 million a month for computing capacity in a cloud services arrangement that runs from October this year through June 2029, a company filing shows.

Deal terms and scale

The agreement obliges Google to make the monthly payments beginning in October and continuing through June 2029. Over the life of the contract the payments amount to about $30 billion, according to the filing disclosed by SpaceX.

The pact provides Google access to around 110,000 Nvidia graphics processing unit chips, as well as central processing units, memory chips and related components. The filing links the capacity to a substantial amount of computing power based on Nvidia’s H200 chips.

Contract safeguards and termination rights

The filing states that if SpaceX fails to deliver access to Nvidia chips by Sept. 30, Google has the right to terminate the contract with a one-month grace period. The agreement also includes a mutual right for either party to terminate the arrangement with 90 days’ notice.

Why Google says it struck the deal

A Google Cloud spokesperson said the arrangement will help the company meet demand for its AI services. In a statement the spokesperson said:

“This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected.”

Context: relationships and related deals

The filing and reporting note that SpaceX has previously signed a similar agreement with Anthropic PBC. The relationship between Google and SpaceX is described as both collaborative and competitive in the filing.

SpaceX disclosed that Google owned a 6.11% stake in the company at the end of 2025. Following a February merger between SpaceX and xAI, Bloomberg calculations cited in the filing say Google now likely owns roughly 5% of SpaceX.

Other business moves

The filing and reporting also note that SpaceX, through its AI arm, has agreements and talks beyond this cloud pact, and that the company has been positioning itself as a compute infrastructure provider.