Google Ties Up A Lot Of SpaceX Computing Time In $30 Billion DataCenter Deal

Just ahead of an expected record breaking valuation of SpaceX in an initial public offering, Google has announced the purchase of nearly $30 billion of computing time from SpaceX/xAI’s gigantic Colossus data centers through 2029 according to reporting on June 8 in Social Media Today.

While the data centers were initially completed to exclusively support xAI’s development of their artificial intelligence offerings, the revenue from Google will provide roughly $10 billion annually to SpaceX which lost $2 Billion net on its xAI efforts largely due to the build out of the Colossus Data Centers.

As the rapid development of artificial intelligence and related continues to redefine multiple markets in the economy seemingly all at once, the Association of Western Employers will keep you up to date on important news.