Google signs agreement with SpaceX to purchase computing power at a price of $920 million per month

According to Jinshi reports, company documents show that Google (GOOG.O) has agreed to pay SpaceX $920 million per month for computing power as part of a cloud service agreement that will last until mid-2029.

SpaceX stated in documents submitted on Friday that Google will pay SpaceX a monthly fee from October until June 2029, with the computing power provided including approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. The related computing power will gradually increase before September, and the costs will decrease accordingly.

The documents indicate that if SpaceX fails to deliver the agreed number of GPUs by September 30, 2026, Google has the right to terminate the contract and will enjoy a one-month grace period. Additionally, according to the agreement disclosed on Friday, either party has the right to terminate the agreement with 90 days' notice.