SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday.

Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.” That's roughly $11 billion per year for the privilege of borrowing some very expensive calculators.

The deal is similar in length and scope to the one SpaceX announced with Anthropic in late May. Anthropic has agreed to pay SpaceX $1.25 billion per month through 2029 to rent compute from one of its Colossus data centers near Memphis, Tennessee that xAI - now part of SpaceX - originally built for its own artificial intelligence efforts.

Also like the Anthropic deal, the agreement with Google includes a cancellation clause. Both SpaceX and Google have the option to terminate the agreement with 90 days notice after December 31, 2026. So if anyone gets buyer's remorse, they can bail with a quarter's notice.

SpaceX announced the deal just one week before the company’s stock is expected to start trading on the Nasdaq exchange. Paperwork filed with the Securities and Exchange Commission shows the company is aiming to raise around $75 billion at a valuation of around $1.75 trillion - making it the largest in history. That's a lot of zeros.

Google is a longtime investor in SpaceX. Its stake in Musk’s company is expected to be worth more than $100 billion after the IPO. So Google is essentially paying itself, but with extra steps.

This story is developing. Check back for updates.