Alphabet to Rent Compute Capacity from SpaceX for $920M Monthly

Alphabet signed a deal to rent compute capacity from SpaceX for $920 million monthly from October 2026 to June 2029. The agreement supports Google's Gemini Enterprise AI platform amid 40% quarterly paid user growth. Alphabet owns a 6.1% stake in SpaceX as of 2025, valued at $1 billion in 2015, now estimated at 5% post-merger with xAI.