Google to Pay SpaceX $920M Monthly for Nvidia Chips
- Source
- Bloomberg
- Time
- 7:15 PM
- Weight
- 95/100
Alphabet Inc.’s Google has entered into a substantial cloud-services agreement with SpaceX, committing to pay approximately $920 million per month for access to computing power. According to a company filing, the deal centers on providing Google with access to Nvidia Inc. chips.
The full monthly payments are scheduled to run from October through June 2029, following a ramp-up period that concludes in September. The contract includes specific performance requirements regarding the delivery of hardware.