SpaceX has added another lucrative deal to its revenue stream just ahead of its anticipated IPO. Google has agreed to pay SpaceX $920 million a month for compute capacity from October 2026 to June 2029, according to a SpaceX filing submitted to the SEC on Friday.
The filing said the compute power included "approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components." Starting in 2027, either side can terminate the deal with 90 days' notice, according to the filing.
Google said in a statement to Business Insider that the deal was needed to meet demand for Gemini Enterprise, its agentic AI platform.
"Google Cloud and SpaceX are long-time partners," a Google Cloud spokesperson said. "This is a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand for our agent platform, Gemini Enterprise, which has been even higher than we expected."
SpaceX did not respond to a request for comment from Business Insider.
The filing came as SpaceX prepares for what's expected to be a record-setting IPO.
The deal with Google was also similar to another deal SpaceX has with Anthropic, the scope of which was revealed in SpaceX's S-1 filing last month. Anthropic is paying $1.25 billion a month through May 2029 in exchange for compute capacity from SpaceX's Colossus data centers.
"This structure allows us to monetize unused compute capacity in our infrastructure, while still permitting reallocation of the capacity for our own internal initiatives if needed in the future," SpaceX's S-1 said.