SpaceX has secured a $920 million per month deal with Google for access to around 110,000 GPUs and related computing resources from October 2026 to June 2029. This agreement, similar to a prior $1.25 billion per month deal with Anthropic, supports SpaceX's AI infrastructure and comes just before its planned IPO, which aims to raise $75 billion at a $1.75 trillion valuation. Google, already a major AI compute owner, will ramp up usage gradually and can cancel the deal with 90 days' notice after 2026. The partnership highlights SpaceX's growing role in AI compute and its strategic ties with major tech players ahead of its stock market debut.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
