Google to pay SpaceX $920M monthly for cloud computing deal

Google has agreed to pay SpaceX $920 million per month for computing services, according to multiple reports. The deal involves SpaceX providing computing power to Google's cloud division, marking a major partnership between the two companies.

Meanwhile, SpaceX is reportedly preparing for a blockbuster IPO that could test the high-flying US stock market. The IPO documents reportedly bar investors from China and Hong Kong, and users in those regions have been unable to access SpaceX's website. Separately, Google has laid off some cloud and cybersecurity staff as it doubles down on AI investments, and Meta is considering a large equity raise following the Google-SpaceX deal.