SpaceX has signed a $920mn-a-month deal to lease computing capacity to Google, as Elon Musk’s rockets-to-AI conglomerate races to boost revenue ahead of a record-breaking initial public offering next week.
SpaceX on Friday disclosed the agreement in a Securities and Exchange Commission filing, which said the deal would be worth more than $30bn over the length of the contract. It follows an arrangement similar to one it inked with Anthropic, as Musk puts SpaceX’s role as an AI powerhouse at the centre of its future ambitions.
The two deals combined will contribute more than $26bn to SpaceX’s annual revenue, boosting the company’s financial performance as it seeks an unprecedented $1.8tn valuation in next week’s listing.
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