SpaceX has secured a massive new compute contract with Google, just months ahead of its anticipated IPO. According to a regulatory filing on Friday, Google will pay Elon Musk's aerospace company $920 million per month from October 2026 through June 2029 for access to roughly 110,000 NVIDIA GPUs, along with CPUs, memory, and other related infrastructure. The agreement marks SpaceX's second major AI compute deal in recent months and underscores how aggressively the company is positioning its data center business as a major revenue stream. The Google contract closely mirrors the arrangement SpaceX announced with Anthropic in late May, in which the AI lab agreed to pay $1.25 billion per month through 2029 to lease the full compute capacity of the Colossus 1 data center near Memphis, Tennessee. That facility was originally built by xAI, which Musk has since folded into SpaceX. By comparison, Google appears to be securing access to roughly half the compute that Anthropic is renting. SpaceX did not disclose which specific facility would house Google's GPUs, though Musk has previously indicated that the planned Colossus 2 site would be reserved for xAI's own operations. Google enters the deal from a position of strength, with some estimates naming it the world's largest single owner of AI compute capacity. A Google spokesperson characterized the agreement as a short-term bridge to handle unexpected demand for its recently launched AI products, including the Gemini Enterprise agent platform. Still, the move comes against the backdrop of a massive capital spending push by parent company Alphabet, which has already committed to more than $180 billion in capital expenditures this year and warned investors to expect a "significant increase" in 2027. To help fund that expansion, Alphabet recently announced an $80 billion equity sale. Like