Free Republic

SpaceX has just announced that they have entered into a $920 million per month agreement with Google to provide compute capacity, according to a new filing. "On June 5, 2026, we entered into a Cloud Service Agreement with Google with respect to access to compute capacity. The customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee. The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. After December 31, 2026, the agreement may be terminated by either party...

The SpaceX initial public offering (“IPO”) is expected to be the largest IPO of all time, with the company targeting a market capitalization of $1.75 trillion, according to the Financial Times. Despite the massive valuation and huge anticipation for the company’s public debut, there are a few under-the-radar details about the IPO that should chill investors looking to participate in the Elon Musk-helmed company.The Financial Times reported that SpaceX is looking to raise $75 billion from the offering, up recently from a target of $50 billion, as executives look to haul in more cash at the company’s highest valuation of...