[SpaceX Secures $920 Million Monthly Rental Agreement with Google, Offsetting xAI Losses Ahead of IPO] According to monitoring by Beating, SpaceX's free-writing prospectus submitted to the Securities and Exchange Commission (SEC) on June 5 shows that the company signed a 33-month cloud service agreement with Google on the same day. Under the terms, Google will pay $920 million per month starting October 2026 to rent approximately 110,000 NVIDIA GPU compute clusters. This marks the second time SpaceX has leased its massive xAI division's compute resources to competitors, following last month's agreement with Anthropic. The disclosed documents indicate that either party may terminate the agreement with 90 days' notice starting December 31, 2026. This 90-day termination clause mirrors the structure of the previous Anthropic contract, stemming from SpaceX's firm insistence on retaining the ability to reclaim compute resources at any time to address potential shortages for Grok training needs. However, beyond short-term flexibility, the contract imposes strict delivery obligations on SpaceX. If the full 110,000 GPUs are not delivered by the September 30, 2026 deadline, Google has the right to terminate the agreement or proportionally reduce the monthly rental payments after a one-month grace period. Additionally, Google retains ownership of all content and AI models to isolate data and prevent parameter extraction. The consecutive signing of high-value compute contracts reflects the performance pressure SpaceX faces ahead of its initial public offering (IPO) next week. Persistent losses from its xAI division have weighed down SpaceX's overall first-quarter performance. The company is attempting to generate cash flow by leasing compute resources to Google and Anthropic, aiming to demonstrate the growth potential of its AI business to Wall Street. [Original Link]