SpaceX locks in $920M monthly GPU lease from Google ahead of IPO
SpaceX will lease 110,000 Blackwell GPUs to Google at $11.60 per GPU-hour, adding $11 billion in annual projected revenue alongside its existing Anthropic contract.
SpaceX signed a deal to lease 110,000 Blackwell GPUs to Google at $920 million per month, or $11.60 per GPU-hour. The contract arrives days before SpaceX's scheduled IPO on Friday and positions the company as a major datacenter infrastructure provider alongside its satellite and launch businesses.
The Google lease stacks with SpaceX's existing $1.25 billion monthly contract with Anthropic, bringing total projected datacenter revenue to $26 billion annually. The per-GPU-hour rate appears steep even for Nvidia's B300 series — the premium likely reflects urgency and the sheer scale of the deployment.
What stands out
- 01IPO timing. The Google contract lands the same week SpaceX goes public, adding a high-visibility revenue stream to the prospectus. $920 million per month is material even for a company of SpaceX's scale.
- 02$11.60 per GPU-hour. That rate is elevated compared to typical cloud GPU pricing for Blackwell-class hardware. The premium suggests Google is paying for guaranteed capacity and immediate availability rather than shopping on spot markets.
- 03$26 billion annual run rate. Between Google and Anthropic, SpaceX is projecting $26 billion in yearly datacenter lease revenue — a figure that would place it among the top-tier cloud infrastructure providers if sustained.
- 04110,000 GPUs in one contract. The deployment size rivals the largest known AI training clusters. Assembling that many B300 units in a short window requires either deep Nvidia allocation priority or pre-positioned inventory.
- 05SpaceX as a datacenter play. The company is no longer just rockets and Starlink. Leasing GPU capacity at this scale repositions SpaceX as a competitor to AWS, Azure, and GCP in the AI infrastructure market.
