Google has agreed to pay SpaceX about $920 million per month for access to roughly 110,000 NVIDIA GPUs, CPUs and memory from October 2026 through June 2029, the companies disclosed in a regulatory filing on June 5, 2026. Over the life of the contract that is approximately $30 billion in cloud capacity.
Inside the Colossus 1 deal
SpaceX did not name the data center publicly, but the structure mirrors a deal Anthropic struck weeks earlier — $1.25 billion per month for all the compute at the Memphis Colossus 1 cluster originally built by xAI. Anthropic has access to more than 300 megawatts of capacity there; the Google contract is roughly half that footprint. Elon Musk has previously signaled that Colossus 2 is reserved for xAI's own training runs after the GPU-mix problems that pushed xAI to leave Colossus 1.
Why Google needed bridge capacity
Google said it negotiated the agreement because of "surging customer demand" for its Gemini Enterprise agent platform that was "even higher than we expected." Alphabet has already committed to more than $180 billion in 2026 capital expenditures and recently announced an $80 billion equity sale to fund another wave of spending. Google is also a longtime equity investor in SpaceX, with a stake expected to be worth more than $100 billion after the IPO.
Cancellation and timing
Like the Anthropic agreement, the Google contract includes a 90-day cancellation right after December 31, 2026. If SpaceX fails to deliver the promised GPU capacity by September 30, 2026, Google can walk after a one-month grace period or accept a reduced fleet at proportionally lower fees. Access ramps up through September at a reduced rate. SpaceX announced the deal a week before its Nasdaq debut under the SPCX ticker, targeting a roughly $1.75 trillion valuation.
What it means for the GPU market
NVIDIA is the quiet winner — the deal locks in years of demand for H100, H200 and GB200-class hardware. The two contracts cement SpaceX as a top-tier AI compute landlord while xAI focuses Colossus 2 on training. The companies are also reportedly exploring orbital data centers, a long-running part of SpaceX's post-IPO roadmap. The Google-SpaceX agreement comes alongside NAVER's gigawatt-scale NVIDIA DSX rollout in South Korea, underscoring how aggressively hyperscalers are securing AI compute. SpaceX, Anthropic and Google had all signed multi-year NVIDIA-anchored compute partnerships in recent months.
Reporting based on coverage from TechCrunch, Bloomberg, CNBC and the SpaceX SEC filing.