Google pays SpaceX $920M/mo — is Big Tech's capex strategy broken?
google will pay spacex $920m monthly through 2029 for 110k nvidia gpus to satisfy surging ai demand, signaling that even the largest compute owners cannot build capacity fast enough.
google agreed to pay spacex $920m monthly from 2026 to 2029 for 110k nvidia gpus, citing unexpected surges in demand for gemini enterprise that its current capacity cannot meet. this mirrors spacex's recent $1.25b deal with anthropic and suggests that despite over $180b in annual capex, the largest tech labs cannot secure chips quickly enough. the reliance on a competitor's infrastructure, built originally for xai's colossus 1 data center, highlights a critical supply-demand imbalance in the ai hardware market.