What is the expected total value of the deal?

The total value is expected to be approximately $30 billion.

How does the deal relate to SpaceX's IPO?

The deal boosts SpaceX's revenue ahead of a massive anticipated IPO.

What is Google's stock ticker?

Alphabet (Google) trades under GOOGL (Class A) and GOOG (Class C).

Google to Pay SpaceX $290M Monthly in Cloud Computing Deal

Alphabet's Google (GOOGL) has signed a massive cloud computing deal with Elon Musk's SpaceX, paying $290 million per month. The deal is expected to bring approximately $30 billion to Musk's combined companies ahead of a major IPO.

June 7, 2026

2 min read

Source: Social Media Today

Key Numbers

monthly payment

$290 million

total value

$30 billion

Alphabet Inc., the parent company of Google (GOOGL), has signed a massive cloud computing deal with Elon Musk's SpaceX, according to media reports. Under the agreement, Google will pay $290 million per month to Musk's company for computing services.

Deal Details

The deal comes as Google expands its cloud computing business, aiming to compete with Amazon and Microsoft. It is expected to bring approximately $30 billion to Musk's combined companies, paving the way for a massive initial public offering.

Context

The move comes amid rapid growth in the cloud computing industry, driven by increasing demand for AI infrastructure. SpaceX's Starlink satellite communications could give Google an edge in delivering cloud services to remote areas.

What It Means for Investors

The deal boosts SpaceX's revenue ahead of its anticipated IPO while strengthening Google's position in the cloud market. However, specific contract terms and services have not been disclosed.

Frequently Asked Questions

Google pays $290 million per month to SpaceX under the deal.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.