GOOGLE TO PAY SPACEX NEARLY $1 BILLION A MONTH IN CLOUD-COMPUTING DEAL

Summary from the TLDR newsletter

Google will pay SpaceX $920 million per month from October 2026 to June 2029 to rent data center capacity. Google has the right to cancel the agreement in October if SpaceX doesn't provide the promised 110,000 Nvidia chips. Either party can cancel the agreement starting next year with 90 days' notice. This is the second major deal SpaceX has made in recent months to rent out compute capacity to a competitor. SpaceX is expected to go public on June 12 in a public offering that values the company at $1.77 trillion.