Google's $920 Million‑a‑Month Deal Could Supercharge the SpaceX IPO
An already interesting IPO story just became even more intriguing.
Google's $920 Million‑a‑Month Deal Could Supercharge the SpaceX IPO
Overview
We're only days away from the biggest initial public offering (IPO) in stock market history. SpaceX is preparing to launch at a valuation of roughly $1.8 trillion. And this already interesting IPO story just became even more intriguing.
SpaceX announced on June 5, 2026, that it had entered into a three-year cloud service agreement with Google LLC, an operating unit of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). What made the contract so noteworthy is that Google will pay SpaceX a whopping $920 million per month. Could the Google deal further turbocharge SpaceX's imminent IPO? Quite possibly.
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Originally published at www.fool.com.
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