SpaceX signed a new process power agreement with Google before the public offering process. This development, announced with the legal notification made on Friday, attracted attention in the technology world.

Under the agreement, Google will pay SpaceX $920 million monthly from October 2026 to June 2029. In return for this payment, Google will provide access to approximately 110 thousand NVIDIA GPUs, CPUs, memory and related components.

Huge process power capacity

This cooperation has a scope and duration similar to the agreement SpaceX made with Anthropic last May. Anthropic agreed to pay $1.25 billion per month to rent all process power at the Colossus 1 information center.

It is estimated that the capacity that Google will have access to is approximately half of the amount used by Anthropic. While SpaceX did not share clear information about which information center Google would use, Elon Musk had previously stated that he would reserve the Colossus 2 data center for xAI.

Google officials stated that this agreement was made to meet higher than expected customer demand, especially for the Gemini Enterprise platform. The company defines this step as a short-term solution to support the existing infrastructure capacity.

Strategic moves before public offering

Alphabet has committed to more than $180 billion in capital expenditures for 2026 and expects that number to increase further in 2027. In order to manage this financial burden, the company recently announced that it will sell shares worth $ 80 billion.

The text of the agreement includes a cancellation clause that gives both parties the right to terminate the agreement by giving 90 days’ notice after December 31, 2026. In addition, if the promised number of GPUs is not reached by the end of September, Google has the option to terminate the contract or continue at a discounted price.

SpaceX announced this agreement just a week before it started trading on the Nasdaq stock exchange. The company aims to raise $75 billion at a valuation of approximately $1.75 trillion, making it one of the largest public offerings in history. Google has been among SpaceX’s investors for a long time, and its stake in the company is expected to exceed $100 billion after the IPO. It is also reported that the two companies are in talks to establish information centers in orbit in the future.

How do you think Google’s huge investment in process power will affect competition in the artificial intelligence market?