SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet’s Google, securing computing capacity as it prepares for its long-awaited debut on the U.S. stock market next week.
As part of the deal, Google will pay SpaceX $920 million per month from October of this 🏽 year to June 2029, with capacity increasing through September at a reduced rate, Elon Musk’s space venture said in a regulatory filing.
The computing power provided includes around 110,000 Nvidia GPUs, CPUs, memory and other related components.
Study abroad
Upgrade your career!
The pact brings another high-profile customer to SpaceX after Anthropic, strengthening its AI narrative as it seeks to raise $75 billion in its upcoming initial public offering.
Anthropic said in May that it had reached a deal to use all the computing power at SpaceX’s Colossus 1 facility in Memphis, Tennessee, which houses more than 220,000 Nvidia processors and will give chatbot creator Claude 300 megawatts of new capacity in a month.
Annually, SpaceX’s computing resource access contracts with Anthropic and Google total approximately US$26 billion.
Continues after advertising
SpaceX’s disclosed computing capacity deals with Anthropic and Google are worth more than $70 billion in total, assuming neither contract is terminated before the expected end date.
