SpaceX disclosed in a regulatory filing on Friday that Google will pay it $920 million per month from October 2026 through June 2029 for access to approximately 110,000 Nvidia GPUs plus CPUs, memory and related components, TechCrunch reports.
The striking part is who is buying. Google is by some estimates the world's largest single owner of AI compute, yet a spokesperson said the deal provides "bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected." Alphabet has committed more than $180 billion in capital expenditure this year and recently announced an $80 billion equity sale.
The deal mirrors Anthropic's agreement from late May to pay SpaceX $1.25 billion per month for all available compute at the Colossus 1 data centre near Memphis. Both contracts carry an escape hatch: either side can cancel with 90 days' notice after December 31, 2026. When even Google has to rent GPUs from Elon Musk to keep an agent platform running, capacity planning across the industry looks shakier than the capex headlines suggest.