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Image Credits:Cheng Xin / Getty Images11:57 AM PDT · June 5, 2026
SpaceX has lined up different compute woody up of its historical IPO, this clip with Google. The institution announced the woody in a regulatory filing connected Friday.
Under the presumption of the deal, Google volition wage SpaceX $920 cardinal per period from October 2026 done June 2029 for entree to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and different related components.”
The woody is akin successful magnitude and scope to the 1 SpaceX announced with Anthropic successful precocious May. Anthropic has agreed to wage SpaceX $1.25 cardinal per period done 2029 to rent compute from 1 of its Colossus information centers adjacent Memphis, Tennessee that xAI — present portion of SpaceX — primitively built for its ain artificial quality efforts.
Also similar the Anthropic deal, the statement with Google includes a cancellation clause. Both SpaceX and Google person the enactment to terminate the statement with 90 days announcement aft December 31, 2026.
SpaceX announced the woody conscionable 1 week earlier the company’s banal is expected to commencement trading connected the Nasdaq exchange. Paperwork filed with the Securities and Exchange Commission shows the institution is aiming to rise astir $75 cardinal astatine a valuation of astir $1.75 trillion — making it the largest successful history.
Google is simply a longtime capitalist successful SpaceX. Its involvement successful Musk’s institution is expected to beryllium worthy much than $100 cardinal after the IPO.
This communicative is developing. Check backmost for updates.
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Sean O’Kane is simply a newsman who has spent a decennary covering the rapidly-evolving concern and exertion of the proscription industry, including Tesla and the galore startups chasing Elon Musk. Most recently, helium was a newsman astatine Bloomberg News wherever helium helped interruption stories astir immoderate of the astir notorious EV SPAC flops. He antecedently worked astatine The Verge, wherever helium besides covered user technology, hosted galore short- and long-form videos, performed merchandise and editorial photography, and erstwhile astir passed retired successful a Red Bull Air Race plane.
You tin interaction oregon verify outreach from Sean by emailing sean.okane@techcrunch.com oregon via encrypted connection astatine okane.01 connected Signal.
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