Google is a longtime investor in SpaceX. Its stake in Musk’s company is expected to be worth more than $100 billion after the IPO. The companies are also reportedly in talks to try to build orbital data centers — a major component of SpaceX’s future plans post-IPO.
Google is set to pay SpaceX $920 million per month to access additional computing power as demand for AI infrastructure continues to surge.
According to TechCrunch, Google has agreed to pay SpaceX an eye-watering $920 million every month for compute capacity needed to support its rapidly expanding artificial intelligence operations.
The deal highlights a growing challenge facing tech giants: demand for AI computing is rising faster than companies can build data centres and deploy chips. Rather than wait years for new infrastructure, Google is effectively renting excess computing power from SpaceX to keep its AI products and services running at scale.
The agreement underscores how the global AI race is creating an unprecedented scramble for processing power, turning compute capacity into one of the most valuable resources in the technology industry.
NEWS NOW:
