Lates News

Company documents show that Google (GOOG.O) has agreed to pay SpaceX $920 million per month for computing power as part of a cloud service agreement. The agreement will continue until mid-2029. In the documents submitted by SpaceX on Friday, it is stated that Google will pay SpaceX a monthly fee for computing power provided from October to June 2029, including approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. The computing power will gradually increase until September, with costs decreasing accordingly. The documents also state that if SpaceX fails to deliver the agreed number of GPUs by September 30, 2026, Google has the right to terminate the contract and enjoy a one-month grace period. Furthermore, according to the agreement disclosed on Friday, either party has the right to terminate the agreement with 90 days' notice.