Elon Musk’s rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.

Alphabet Inc.’s Google has agreed to pay Elon Musk’s SpaceX $920 million a month for computing power as part of a cloud services deal that runs through mid-2029, its second such agreement with an AI competitor in a matter of weeks.

Google will pay SpaceX $920 million a month from October 2026 to June 2029 in a deal that includes the computing capacity of at least 110,000 Nvidia chips, according to a SpaceX securities filing on Friday.

SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing.

SpaceX is primed to receive a whopping $920 million per month from Google, so the latter can make use of its AI cloud computing facilities, according to an SEC filing today. This gives Elon Musk’s rocket,

Google has agreed to pay SpaceX $920 million a month over three years to use the company’s computing power, according to an agreement filed with the Securities and Exchange Commission. SpaceX owns the two Colossus supercomputer centers in Memphis with another on the way in Mississippi after the company merged with xAI