Company Ilona Maskawhich has recently invested massively in artificial intelligence infrastructure, will collect more than 30 billion dollars through a three-year contract on cloud services with the company Google.
Google agreed to pay the company SpaceX a whopping $920 million a month to gain access to the space company’s computing capabilities. The agreement also includes the use of as many as 110,000 advanced Nvidia chips. If the cooperation goes according to plan and completes the full mandate, this contract will bring Musk’s company more than 30 billion dollars.
The news comes at a crucial time, right before SpaceX’s planned initial public offering (IPO) scheduled for mid-June. The company’s market value after the IPO is expected to reach a staggering $1.8 trillion, which, given his ownership stake, could officially launch Ilona Musk into the status of the world’s first trillionaire. According to the official documentation, the contract will enter into force in October 2026 and will last until June 2029.
Google is patching up flaws due to Gemini demand
A spokesperson for Google is in favor The New York Times said they urgently needed hardware due to AI requirements.
“This is a short-term, timely agreement. It will provide transitional capacity to meet the surge in demand for the Gemini Enterprise AI platform, which has exceeded expectations,” he said. Google.
GoogleHowever, the contract also contains security clauses for Google. The company has the right to terminate the cooperation early if SpaceX fails to deliver a sufficient number of graphics processors (GPUs) by September 30, 2026, after a one-month grace period. After December 31, either party can terminate the contract with 90 days’ notice.
By the way, Google and SpaceX have long had close financial ties. According to Bloomberg according to estimates, Google owns about 5% of the company SpaceX. This has been true since 2015, when Google invested significant capital in SpaceX.
How SpaceX Became an AI Superpower
Earlier this year, SpaceX officially merged with xAI – the AI startup behind X’s Grok chatbot. From that moment, gigantic investments in hardware and infrastructure began. Key pillars of Musk’s AI empire include:
- Mamutski dates center Colossus 1. It is located in Memphis (Tennessee), and the goal is to employ as many as one million graphics chips at its peak and
- Floating data centers in orbit. SpaceX has announced plans to launch nearly a million operational data centers that will be positioned directly in Earth’s orbit.
How much money is invested in these projects is also shown in the official prospectus for investors. In the first quarter of fiscal year 2026, SpaceX spent $7.7 billion on costs exclusively related to artificial intelligence.
Interestingly, SpaceX also signed a contract with the company in May of this year Anthropicwhich gave access to the creators of the famous AI model Claude the entire computer capacity in the data center Colossus 1.
This move came after the media revealed that Musk’s xAI used only 11% of the total capacity of that giant center. That huge surplus of free power Google decided to pay handsomely to feed Gemini, reports PC Magazine.