SpaceX (SPACEX) to earn $920M monthly from Google for AI capacity
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPACEX) has finalized an agreement with Google to provide AI compute capacity, expected to generate $920 million per month from October 2023 through June 2029. Google's investment includes approximately 110,000 Nvidia GPUs and other computing components. The deal allows Google to terminate if SpaceX cannot deliver a committed amount of GPUs by September 30, 2026. Additionally, SpaceX disclosed a $10.1 billion capital expenditure in Q1, primarily in AI, alongside an operating loss of $2.5 billion on $818 million in revenue from its AI sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NVIDIA Corporation (NVDA)
Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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