SpaceX has signed a major cloud computing agreement with Google, adding another significant source of revenue as the company prepares for its highly anticipated public market debut. Details of the deal were disclosed through a recent SEC filing connected to SpaceX’s upcoming initial public offering.

Under the agreement, Google will pay SpaceX approximately $920 million per month for cloud computing infrastructure and artificial intelligence processing capacity. The contract is scheduled to run from October 2026 through June 2029, creating one of the largest AI infrastructure partnerships announced to date.

The filing states that payments will gradually increase during the initial phase of the agreement before reaching full value after September 2026. The arrangement provides Google with access to large-scale computing resources needed to support its expanding artificial intelligence operations and cloud services.

The contract also includes provisions that allow Google to exit the agreement after December 2026 under specific conditions. The technology giant may also reduce its computing capacity commitments if SpaceX fails to meet agreed performance milestones or deployment schedules. At the same time, Google will maintain ownership and control of its data, AI models and proprietary technologies throughout the duration of the partnership.

The new agreement follows another major AI infrastructure contract previously secured by SpaceX with AI company Anthropic. That deal reportedly carries a value of approximately $1.25 billion per month, further strengthening SpaceX’s position in the rapidly expanding market for high-performance computing services.

Together, the Google and Anthropic agreements are expected to push SpaceX’s annual AI compute revenue close to $26 billion. The growing demand for advanced computing resources has created new business opportunities for companies capable of operating massive data processing facilities and GPU-powered infrastructure.

A key part of SpaceX’s strategy is its Colossus supercluster facility in Memphis, which has emerged as one of the largest AI computing centers currently in operation. The supercluster already houses more than 200,000 graphics processing units, commonly known as GPUs, which are used to train and operate advanced artificial intelligence models.

The company is continuing to expand the Memphis facility as demand for AI computing capacity rises across the technology sector. Large language models, generative AI platforms and enterprise AI systems require enormous processing power, leading technology companies to secure long-term infrastructure agreements to guarantee future computing availability.

The latest contract further strengthens SpaceX’s growing role in the AI ecosystem. While the company remains widely known for its achievements in space exploration, satellite communications and rocket technology, its computing infrastructure business is becoming an increasingly important part of its overall operations.

The disclosure also highlights how competition for AI resources continues to intensify. Major technology firms are racing to secure access to high-performance computing platforms as artificial intelligence becomes central to product development, cloud services and digital innovation strategies.

With billions of dollars in long-term contracts now secured, SpaceX is entering its IPO phase with a rapidly expanding revenue base that extends well beyond its traditional aerospace activities. The combination of AI infrastructure services, satellite operations and space technology projects positions the company as one of the most closely watched technology businesses heading toward the public markets.

As artificial intelligence investment continues to accelerate worldwide, large-scale computing partnerships such as the Google agreement are expected to play a critical role in shaping the next phase of the technology industry's growth.