SpaceX Inks $30 Billion Computing Power Deal With Google (1)

Alphabet Inc.’s Google has agreed to pay Elon Musk’s SpaceX $920 million a month for computing power as part of a cloud services deal that runs through mid-2029, its second such agreement with an AI competitor in a matter of weeks.

Google will pay SpaceX the monthly fee from October this year through June 2029, SpaceX said in the filing Friday. That amounts to about $30 billion through the time of the agreement.

If SpaceX fails to deliver access to Nvidia Corp.chips as part of the deal by Sept. 30, Google has the right to terminate the ...