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Alphabet Inc.’s Google has agreed to pay SpaceX US$920 million a month for computing power as part of a cloud-services deal that runs through mid-2029, according to a company filing.
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Google will pay SpaceX the monthly fee from October through June 2029, with capacity ramping up through September at a reduced cost, SpaceX said in the filing Friday. If SpaceX fails to deliver the access to Nvidia Inc. chips as part of the deal by Sept. 30, Google has the right to terminate the contract, with a one-month grace period, the filing shows.
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The cloud deal isn’t the only pact that Google and SpaceX have been engaged in talks over. The two companies had been discussing launching the search company’s test products for orbital data centres, a person familiar with the matter said in May. Google previously said it was exploring deals with other launch providers for what the company called Project Suncatcher.
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Under the pact disclosed on Friday, either party also has the right to terminate the arrangement with 90 days’ notice.
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