Massive SpaceX-Google Deal Boosts the Artificial Intelligence Race

SpaceX has signed a major cloud computing agreement with Google, under which it will receive $920 million per month in exchange for providing access to an advanced infrastructure that includes a vast number of artificial intelligence chips, according to information disclosed in its initial public offering (IPO) filing.

The deal, which is expected to strengthen SpaceX’s financial position ahead of its planned stock market debut on June 12, involves the deployment of an advanced computing system featuring approximately 110,000 Nvidia graphics processing units (GPUs), considered essential components for developing and running Google’s artificial intelligence models.

Meanwhile, recent reports indicate that billionaire Elon Musk is approaching an unprecedented financial milestone as SpaceX prepares for an IPO that could make him the first person in the world with a net worth exceeding $1 trillion.

According to media reports, the company’s market valuation could reach around $1.75 trillion, with shares potentially priced at $135 each. Such a valuation could allow SpaceX to raise nearly $75 billion, making it one of the largest public offerings ever seen in global financial markets.