a Cloud Service Agreement

SpaceX signs cloud deal with Google

SpaceX signs cloud deal with Google June 5 : SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet's Google for access to compute capacity. As part of the deal, Google will pay SpaceX $920 million per month 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. SEC filing. The compute capacity provided includes about 110,000 Nvidia GPUS, CPUS, memory and other related...

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 to buy computing from Spacex at $920 million per month; filing shows 90 days notice period

Google has agreed to pay Elon Musk's Spacex $920 million a month for computing power as part of a cloud-services deal. According to a Securities Exchange Commission (SEC) filing by Spacex, the deal runs through mid-2029. As per the agreement, Google will pay Spacex the monthly fee from October through June 2029, with capacity ramping up through September at a reduced cost.

SpaceX IPO this week: 10 things to know before Musk's firm goes public

SpaceX is preparing for a stock market debut that could become the largest initial public offering in history. The Elon Musk-led company is seeking to raise about $75 billion at a valuation of roughly $1.75 trillion, a figure that would place it among the most valuable publicly traded companies in the world from day one. The offering has already attracted significant investor interest, with reports suggesting demand has exceeded the shares currently available.

SpaceX IPO: Musk's firm sees huge oversubscription as institutional orders top $10 billion

SpaceX's blockbuster initial public offering has attracted more than $10 billion in orders from institutional investors, signalling strong demand for what could become the largest IPO in history, according to Bloomberg sources. Banks managing the offering are expected to stop accepting orders from institutional investors after US markets close on Wednesday, giving them time to assess demand and finalise allocations ahead of the listing. The Elon Musk-led rocket, satellite and artificial...

EU launches major tech push to break US and China dependence

The EU is betting big on cloud computing and chips to reduce its technological dependence on the US and China, and to re-enter the global tech race. But whether it will succeed and how the two superpowers will react remain open questions. The European Commission has presented a sweeping package to boost homegrown technologies and reduce dependency on American and Chinese companies.

Newsletter: The quest for the EU’s tech independence

Also in this newsletter: The EU's sanctions envoy David O'Sullivan says the bloc should be willing to take “unilateral action” against China's facilitation of Russian sanctions evasion; and why Italy is expected to be criticised by Brussels for its intervention in response to the energy crisis. Good morning from Brussels. This is Mared Gwyn with a packed newsletter to kick off your Wednesday.

Snowflake to burn $6B on AWS Graviton CPUs and AI accelerators

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...

Off the Record: Politics, protests and dead flamingos dominate EU-Western Balkans summit

Euronews Europe editor Maria Tadeo provides highlights and analysis from the EU-Western Balkans summit held this week in her signature newsletter Off the Record. When I launched this newsletter, I promised you zeitgeist, so here's the zeitgeist — I am filing this at ungodly hours, from a flat in Tivat, on the coast of Montenegro, on five hours' sleep, praying for no typos and my keyboard on fire. But oh boy how I love this job.