Google and SpaceX reach $920 million cloud computing partnership

Google and SpaceX have reached a cloud computing partnership. From October 2026 to June 2029, Google will pay SpaceX $920 million per month (approximately RMB 6.246 billion) to lease about 110,000 NVIDIA GPUs, CPUs, and other chip computing power for AI training and inference. The agreement will alleviate Google's computing power supply shortage and open up an important revenue stream for SpaceX's AI business, adding new narrative weight to its IPO.