SpaceX Secures $30 Billion Google AI Compute Deal Ahead of IPO

SpaceX is set to bolster its financial standing with a multi-year cloud services agreement with Google, projected to generate approximately $30 billion from $920 million monthly payments starting in October 2026. This deal follows another substantial contract with Anthropic, indicating a strategic shift in SpaceX’s operational focus toward AI compute solutions.

The Google agreement, effective until June 2029, allows the tech giant to utilize around 110,000 Nvidia GPUs within SpaceX’s expanding data center infrastructure. This infrastructure was initially established to support Elon Musk’s xAI initiative and its Grok models, but is now being used for external partnerships, marking a significant pivot for the space exploration company.

Following the announcement of the Google deal, SpaceX is clearly transitioning from a company primarily known for rockets to one that is becoming a key player in AI compute services. The previous contract with Anthropic, unveiled on May 6, 2026, involves $1.25 billion per month over three years, totaling $45 billion in revenue. Anthropic's exclusive access to SpaceX’s Colossus 1 data center, which hosts over 220,000 Nvidia GPUs, ensures that its capacity is fully utilized.

With these two contracts combined, SpaceX is entering its IPO scheduled for June 12, 2026, with approximately $75 billion in contracted future revenue from just these two clients. The impending IPO aims to raise $75 billion at a target share price of $135, valuing the company at roughly $1.75 trillion. This financial ambition is supported by a stable revenue model driven by its AI compute capabilities.

The strategic implications of these agreements extend beyond immediate financial gains. SpaceX's ability to scale its GPU capacity effectively will be crucial in determining whether it can secure additional high-profile clients before the contracts with Google and Anthropic expire in 2029. As SpaceX steps into its new role in the AI sector, the performance and expansion of its data center capabilities will be closely monitored by analysts and investors alike, potentially paving the way for further growth in the AI crypto market.

SpaceX's partnership with Google, along with the prior agreement with Anthropic, marks a significant transformation in its business model. As the company approaches its IPO, its growth will heavily depend on its success in the AI compute market, which is rapidly evolving and gaining traction across multiple sectors.