Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBram Berkowitz, The Motley FoolSun, June 7, 2026 at 9:58 PM GMT+2 5 min readAhead of SpaceX’s monster initial public offering (IPO), expected on Friday, June 12, the company is demonstrating just how quickly it can ramp up revenue.On June 5, SpaceX announced a massive, new, roughly three-year cloud service agreement with Google.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »SpaceX agreed to provide Google with access to roughly 110,000 Nvidia graphics processing units (GPUs) and other compute infrastructure in SpaceX’s artificial intelligence data centers.In return for these services, Google has agreed to pay SpaceX $920 million per month from October of this year through June 2029.If SpaceX fails to deliver this access by September of this year, Google will have the option to terminate the deal or accept access to fewer GPUs at a lower monthly cost.Starting in 2027, either party can terminate the deal with 90 days’ notice.The agreement comes after SpaceX disclosed in its registration statement that Anthropic has agreed to a separate data center compute deal valued at $1.25 billion per month through May 2029.Did Google and Anthropic just give investors 2.2 billion reasons to buy the SpaceX IPO?SpaceX acquired its AI division earlier this year when it purchased SpaceX Founder Elon Musk’s other company, xAI, valuing the business at $250 billion.XAI includes the social media platform X, Grok AI intelligence, and data centers that currently provide 1 gigawatt of compute capacity, with additional power capacity available.Rocket launch.Image source: Getty Images.SpaceX’s AI unit also has plans to build a large terafab facility with Tesla and Intel capable of building one terawatt of compute infrastructure, such as chips.So far, the AI unit has been a drag on SpaceX. In 2025 and the first quarter of 2026, the AI unit had over $20 billion of capital expenditures.In the first quarter of 2026, the AI unit generated an operating loss of nearly $2.5 billion.Of course, this new data center revenue is a game changer. Assuming there are no disruptions in either of these deals, SpaceX will generate over $26 billion of revenue per year from the Anthropic and Google deals.SpaceX reported total revenue of $18.7 billion in 2025.The AI unit is driving much of SpaceX’s $1.78 trillion valuation. SpaceX believes the AI unit has a total addressable market (TAM) of $26.5 trillion.SpaceX also said in its registration statement that it eventually hopes to launch 100 gigawatts of compute capacity to space annually.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info