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SpaceX Signs Compute Agreement With Google Ahead Of Planned IPO

by THEFUTURE.TEAM

June 8, 2026

SpaceX And Google Forge A Major Compute Partnership

SpaceX has announced a compute agreement with Google ahead of its planned initial public offering. According to a regulatory filing, Google will pay SpaceX $920 million per month from October 2026 through June 2029 in exchange for access to approximately 110,000 NVIDIA GPUs, CPUs, memory and related computing infrastructure.

Drawing Comparisons With Anthropic’s Agreement

The agreement follows a similar deal announced in May with Anthropic, which committed to paying $1.25 billion per month through 2029 for access to compute capacity at SpaceX’s Colossus 1 data centre near Memphis, Tennessee.

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Based on the disclosed figures, Google’s allocation appears to be smaller than the capacity assigned to Anthropic. SpaceX has not identified which facility will support Google’s workloads, although CEO Elon Musk previously stated that Colossus 2 would be reserved for xAI.

Meeting Surging Demand In AI Innovation

Google’s move comes at a time when the company is experiencing unexpected demand for its cutting-edge AI products. A Google representative emphasized that, citing the strong performance of the newly launched Gemini Enterprise platform, this strategic, short-term agreement is designed to bridge capacity gaps. With Google frequently recognized as one of the largest single owners of AI compute resources, the robust design of this deal underlines the intensifying competition in the technology sector.

Financial Implications And Future Prospects

The announcement comes as SpaceX prepares for its expected Nasdaq debut. According to preliminary SEC filings, the company plans to raise approximately $75 billion at a valuation of around $1.75 trillion. At the same time, Alphabet has continued to expand its investment programme, authorising more than $180 billion in capital expenditures and announcing plans for an $80 billion equity offering.

Terms And Conditions Of The Agreement

The contract includes a termination clause allowing either party to cancel the agreement with 90 days’ notice after December 31, 2026. Google’s access to the designated computing infrastructure is expected to increase gradually through September at a reduced rate. If SpaceX fails to provide the agreed number of GPUs by September 30, 2026, Google may terminate the contract after a one-month grace period or accept a reduced allocation at a lower monthly cost.

A Strategic Partnership With Longstanding Ties

The agreement builds on an existing relationship between the two companies. Google is already an investor in SpaceX and, according to Bloomberg, its stake could be worth more than $100 billion following the IPO. Reports also indicate that discussions between the companies are continuing around potential orbital data centre projects, which form part of SpaceX’s broader long-term strategy.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.