SpaceX signs $920M/month AI compute deal with Google ahead of IPO
By
Lora Kolodny
FeedBagel synthesis
· 2 sourcesSpaceX has signed a deal with Google to provide AI compute capacity at xAI data centers for $920 million per month, running from October 2024 through June 2029, according to a report on bsky. The agreement involves approximately 110,000 Nvidia GPUs and other hardware housed in SpaceX facilities, with a capacity ramp-up period at a reduced fee through September, Hacker News added. The deal was announced days before SpaceX's planned IPO, which is expected to generate record sums.
Crisped on the outside, thoughtful enough on the inside.
Summary
SpaceX has signed a deal with Google to provide AI compute capacity at xAI data centers for $920 million per month, spanning from October 2024 through June 2029. Google will use approximately 110,000 Nvidia GPUs along with other hardware housed in SpaceX's facilities. The deal comes just before SpaceX's planned IPO, which is expected to generate record sums. The agreement includes a capacity ramp-up period at a reduced fee through September before reaching the full $920 million monthly rate.
Key quotes
· 3 pulledSpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant.
Google will use about 110,000 Nvidia graphics processing units, as well as central processors, memory and other components housed in SpaceX's data center.
The agreement spans from October of this year through June 2029 at the $920 million rate, and with 'capacity ramping up through September at a reduced fee.'
You might also wanna read
SpaceX signs $920M/month AI compute deal with Google ahead of planned IPO
SpaceX has signed a deal with Google to provide AI compute capacity for $920 million per month, using about 110,000 Nvidia GPUs and other ha
cnbc.com·4h ago
Companies Explore Space-Based Data Centers as SpaceX Acquires xAI for $1.25 Trillion Venture
The article discusses the emerging trend of companies exploring space-based data centers, with SpaceX acquiring xAI to form a $1.25 trillion
civai.org·4mo ago
Anthropic to pay SpaceX $15 billion annually for AI data center access, IPO filing reveals
SpaceX's IPO filing reveals that Anthropic has agreed to pay $1.25 billion per month (approximately $15 billion annually) through May 2029 f
The Verge·15d ago
SpaceX Announces Potential $60 Billion Acquisition of AI Programming Platform Cursor
SpaceX has announced an unusual arrangement to potentially acquire Cursor, an automated AI programming platform, for $60 billion later this
The Verge·1mo ago
SpaceX Secures Option to Acquire AI Startup Cursor for $60 Billion
SpaceX has entered into a deal with AI startup Cursor that gives SpaceX the option to acquire the code-writing software company for $60 bill
nytimes.com·1mo ago
Elon Musk Announces SpaceX and xAI Merger to Develop Space-Based Data Centers
Elon Musk announced a merger between SpaceX and xAI to build data centers in space, claiming this is necessary for AI to scale sustainably.
The Verge·4mo ago