Who Gets An Exit Clause
Under the agreement, capacity ramps to full rate by September 2026 at a reduced fee, with an exit clause allowing Google to terminate immediately if SpaceX fails to deliver the committed GPU count by that deadline. After 2026, either party may exit with 90 days’ notice.
The terrestrial compute deal also comes amid reports that Google and SpaceX are in separate talks to develop orbital data centers, with Google reportedly planning prototype satellite launches by 2027 under its Project Suncatcher initiative.
SpaceX’s IPO prospectus indicates that its AI division recorded an operating loss of $2.5 billion in the last quarter, while generating $818 million in revenue. During the same period, the company spent $10.1 billion in total capital expenditures, including $7.7 billion specifically allocated to AI infrastructure.
Neocloud Rivals Feel the Pressure
SpaceX is targeting a valuation north of $1.75 trillion at its imminent listing.
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