SpaceX signs $920M/month Google deal for 110,000 Nvidia chips ahead of its $1.75T IPO
SpaceX signed a $920M/month compute deal with Google for ~110,000 Nvidia chips through June 2029 — capacity Musk originally built for xAI, which lagged, now leased to a second hyperscaler alongside SpaceX's existing $1.25B/month Anthropic contract. The two-tenant structure converts a stranded infrastructure bet into locked-in hyperscaler revenue, and both deals surface in SpaceX's IPO S-1 ahead of its June 12 Nasdaq debut at a $1.75T target valuation.
Source: the-decoder.com ↗
Google gets access to about 110,000 Nvidia AI chips to meet customer demand.
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Why this matters
- → SpaceX converts idle xAI infrastructure into $30B locked-in hyperscaler revenue
- → Dual Google+Anthropic deals establish SpaceX as third major AI compute provider
- → IPO filing reveals $2.25B/month recurring revenue from chip leasing alone
Infrastructure arbitrage