SpaceX has signed a cloud service lease agreement with Google ahead of its upcoming initial public offering (IPO).
According to a report by Yonhap News Agency on June 6, SpaceX disclosed to the U.S. Securities and Exchange Commission (SEC) that it has entered into a cloud service contract with Google, granting access to 110,000 NVIDIA graphics processing units (GPUs), along with central processing units (CPUs) and memory resources.
Under the agreement, Google will pay $920 million per month, starting in October 2026 and continuing through June 2029. The total payment over the contract period is projected to reach approximately $30 billion.
A discounted rate will apply until September, the resource expansion period. If SpaceX fails to provide the agreed number of GPU accesses by the end of September, Google may terminate the contract or request a fee reduction.
This marks SpaceX's second data center lease with a prominent artificial intelligence (AI) company. Earlier, in early May, it leased computational capacity exceeding 220,000 GPUs to Anthropic through the 'Colossus1' data center in Memphis, Tennessee.
SpaceX's recent moves to secure substantial data center leases ahead of its IPO are seen as a strategy to enhance its investment value by leveraging the asset value of its data centers.
Unlike Anthropic, Google operates as a major hyperscaler among the world's top three cloud service providers, positioning SpaceX as a company that provides data centers to hyperscalers.
* This article has been translated by AI.
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