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SpaceX signs pre-IPO deal to provide AI computing to Google
SpaceX signs pre-IPO deal to provide AI computing to Google Andrew Zinin Lead Editor SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing. The deal, which will bolster SpaceX's finances ahead of its IPO on June 12, covers a computing infrastructure of approximately 110,000 Nvidia...
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week. As part of the deal, Google will pay SpaceX $920 million monthly from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a U.S....
Google rents SpaceX/AI supercomputers for $920M a month, ahead of IPO
Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.
Google will pay SpaceX $920M per month for compute
SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday. Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.”
Thank God for Pope Leo. He’s the leader our world desperately needs | Arwa Mahdawi
Even for nonbelievers like me, the pope has become a reassuring – and all too rare – voice of moral clarityDo you remember the early 2000s, when Silicon Valley buzzed with idealism and tech bros told us they were going to save the world? “Don’t be evil” was Google’s unofficial motto; it’s 2004 IPO prospectus declared that doing “good things for the world” was more important than “short term gains”. Mark Zuckerberg similarly wrote in Facebook’s 2012 IPO letter that the social network was...
When IPOs go wrong: SpaceX, AI firms face a delicate process
When IPOs go wrong: SpaceX, AI firms face a delicate process SAN FRANCISCO, June 3 : Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the sights of the buttoned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.
Unique SpaceX IPO is hedging challenge for Wall Street: 'What are you going to do, short NASA?'
SpaceX will debut under the ticker 'SPCX' this Friday, and its options will begin trading on Monday, June 16th. It's a quick turnaround that leaves investors a little bit in the lurch. They'll have little time and a small sample size of activity to judge how the world's largest IPO will trade day-to-day over the long term, which one trader says will present the biggest hedging challenge in nearly three decades.
Google owner Alphabet to sell $80bn in stock to fund AI spending spree
Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combinedBusiness live – latest updatesKenneth Rogoff: will AI create a permanent underclass?Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom. The move, the largest equity fundraising ever according to analysts,...
Jim Cramer's top 10 things to watch in the stock market Tuesday
My top 10 things to watch Tuesday, June 9 1. U.S. stocks are set for a higher open, with the S & P 500 and Nasdaq set to recover more ground after Friday's massive selloff. Oil prices and bond yields are lower.
Google to pay SpaceX $920M a month for compute capacity at xAI data centers
Days before a planned IPO that's expected to raise record sums of cash, SpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant. According to a regulatory filing on Friday, Google will use about 110,000 Nvidia graphics processing units, as well as central processors, memory and other components housed in SpaceX's data centers. The agreement spans from October of this year through June 2029 at the $920 million rate, and...