🍭 SpaceX's $2B AI Side Hustle 🚀

Good morning. Google just wrote a check for a billion dollars a month to rent GPUs from a company that launches rockets. Normal Tuesday.

Let’s dive in 👇

🍭 What’s Cookin’:

• Google is paying SpaceX nearly a billion a month for AI compute

• Altman walked into Sanders' office to talk public ownership

• OpenAI internally declared "chat is dead"

• Canada just threw $2B at AI sovereignty

SpaceX
💰️ Is Now An AI Cloud Company

The Bite:

Google signed a cloud services agreement with SpaceX on June 5 to access approximately 110,000 Nvidia GPUs. The deal runs from October 2026 through June 2029 at $920 million per month. That’s roughly $30 billion over the contract's life.

Google described it as "bridge capacity" to meet surging demand for Gemini Enterprise, its agent platform for businesses.

The agreement mirrors a deal SpaceX announced with Anthropic in late May, where Anthropic pays $1.25 billion per month for the full output of the Colossus 1 data center in Memphis.

SpaceX must deliver the committed GPU access by September 30, 2026, or Google can terminate immediately after a one-month grace period.

Snacks:

• Google is widely considered the world's largest owner of AI compute

• Alphabet has committed $180B+ in capex this year, with an $80B equity raise to fund it

• Anthropic's deal covers all of Colossus 1; Google's covers roughly half that capacity

• SpaceX's Nasdaq debut under ticker SPCX is set for June 12 at a $1.75T valuation

• Google is a longtime SpaceX investor, with its stake expected to exceed $100B post-IPO

• The two companies are reportedly in talks to build orbital data centers

Why it Bites:

SpaceX built Colossus to train Grok. Then it merged with xAI. Then it started renting the GPUs out. Now it’s taking $2.2B/month from its competitors, with an IPO pricing in three days.

This IPO race right now looks like three companies running toward the same exit at the same time:

SpaceX lists Thursday at $1.75T.
Anthropic filed its S-1 June 1 at $965B and hasn't committed to a date.
OpenAI filed confidentially in May, targeting Q4 at up to $1T.

All three are about to ask public markets to value a future that requires more compute than currently exists. Two of them are paying SpaceX for the capacity they need to get there.

Google calling this "bridge capacity" is doing a lot of work coming from the world's largest compute owner. That's either a flex about how hot Gemini Enterprise is, or an admission that the infrastructure gap is worse than anyone priced in.

Probably both.

The power still sits with the compute every model depends on.

The toll booth was already built. The IPO is just the ribbon cutting.

Steal This Prompt
🏝️ Turn Anything Into A Pop-Up Book

Make your ideas look like they escaped from a children's book and gained access to a 3D printer. Castles. Startups. Your dog. The Roman Empire. Everything looks better when it's made of folded paper.

Use it to:

• Turn products into storybook-style hero images

• Create magical travel, fantasy, or city scenes

• Create the first frame of an animation for your kid

Workflow:

1. Hit this link: Pop-up Book Illustration

2. Paste into your AI model

3. Replace the #’s with your subject

4. Watch it unfold into a tiny paper universe

   Try the prompt on Snack Prompt

_ToolBox™
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🧠 You Need to Know

🏛️ Altman Visits Sanders To Discuss AI Public Ownership
→ OpenAI's CEO requested a meeting with the senator behind the American AI Sovereign Wealth Fund Act, endorsed the concept of public equity in AI companies but rejected Sanders' proposed 50% threshold.

📱 OpenAI Planning Biggest ChatGPT Overhaul Since Launch
→ A Financial Times report says OpenAI is rebuilding ChatGPT into a "superapp" that combines Codex, AI agents, and third-party integrations ahead of its planned IPO.

💰 PhysicsX Raises $300M At $2.4B Valuation
→ The London-based physics AI company, founded by former Formula 1 engineers, more than doubled its valuation in under a year.

🌐 Canada Launches "AI For All" National Strategy With $2B+ Investment
→ Prime Minister Carney unveiled a six-pillar AI strategy treating the technology as critical infrastructure on par with energy and defense, with $2B in new funding and a push to reduce reliance on U.S. tech platforms.

🚀 Google Signs $920M-Per-Month Compute Deal With SpaceX
→ Google will rent ~110,000 Nvidia GPUs from SpaceX's data center infrastructure at $920M/month from October 2026 through June 2029, calling it "bridge capacity" for surging Gemini Enterprise demand.