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.

Google to pay SpaceX $920 million a month in compute deal

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.

Elon Musk’s SpaceX has been attempting to move from a “user” to a “dealer” position when it comes to the tech industry’s increasingly fiending AI addiction lately, as the “rockets who occasionally don’t explode” company spins dreams of filling the heavens with data centers,

Google (GOOG)(GOOGL) has agreed to pay SpaceX (SPCX) as much as $30B for cloud compute capacity in a three-year deal inked one week ahead of the Elon Musk-led company's IPO, according to a filing with the U.

Google (GOOG, GOOGL) has entered into an agreement with SpaceX to rent computing capacity from the rocket company to power its AI capabilities.