SpaceX is turning its vast data center infrastructure into a major new revenue engine. The company has locked in two enormous cloud compute agreements that highlight the frantic demand for GPU power in the AI race.
Anthropic Commits $1.25 Billion Per Month
In one of the largest compute deals ever disclosed, Anthropic has agreed to pay SpaceX $1.25 billion every month through May 2029. That works out to roughly $15 billion a year and could top $40 billion over the full term.
The agreement gives Anthropic access to hundreds of thousands of NVIDIA GPUs across SpaceX’s Colossus and Colossus II superclusters in Memphis, Tennessee. These facilities, originally built for xAI’s Grok models, now host capacity for one of its biggest rivals.
Anthropic confirmed the numbers and said the extra compute will support inference and scaling of its Claude models. The deal includes a short ramp-up period with lower fees in the first couple of months, and either side can exit with 90 days notice after that.
Google Adds Another $920 Million Monthly Contract
Hot on the heels of the Anthropic pact, SpaceX revealed a second blockbuster agreement with Google. Starting in October 2026 and running through June 2029, Google will pay $920 million per month for access to about 110,000 NVIDIA GPUs plus supporting hardware.
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Full payments kick in after a ramp-up phase that ends in September 2026. Like the Anthropic deal, it comes with a 90-day termination option after December 2026. Google cited surging demand for its Gemini Enterprise platform as the driver.
A New Revenue Stream for SpaceX Ahead of IPO
Together these two contracts deliver more than $2.17 billion in monthly revenue once both are at full run rate. Over their multi-year terms, they represent tens of billions in committed income from AI cloud services alone.
SpaceX disclosed the deals in its updated S-1 filing as it prepares for a highly anticipated IPO. The company has poured heavily into AI infrastructure, and these partnerships show it is successfully monetizing excess capacity while still reserving room for its own xAI work.
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What It Means for the AI Industry
These agreements underscore a simple truth: compute has become the new oil. Even well-funded labs like Anthropic and Google are willing to pay eye-watering sums to secure GPUs rather than wait for new builds. For SpaceX, the deals validate its aggressive investment in data centers and position it as an unexpected heavyweight in the AI infrastructure market.
As the race for bigger and smarter models intensifies, expect more big tech money to flow toward anyone who can deliver reliable, large-scale GPU clusters quickly. SpaceX just proved it can.
