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Google's SpaceX Investment Takes Unexpected Turn

November 11, 2026

2 min read

Key Takeaways

Google and Fidelity invested $1 billion in SpaceX in 2015.
Alphabet increased its SpaceX stake despite sliding shares.
Google rents computing capacity from SpaceX for $920 million monthly.
The deal covers 110,000 Nvidia GPUs and other parts.

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Strategic Implications

This development may indicate Alphabet's long-term confidence in SpaceX's potential, despite short-term losses. The computing deal suggests a strategic partnership, which could benefit both companies in the AI and cloud computing markets, and may set a precedent for future collaborations between tech giants and aerospace companies.

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What Happened

Alphabet Increases Stake Amidst Sliding Shares And New Computing Deal

Alphabet, the parent company of Google, has increased its stake in SpaceX, despite the company’s shares sliding. Google has also entered into a computing deal with SpaceX, renting capacity for $920 million per month. The arrangement, which covers 110,000 Nvidia GPUs and other parts, is seen as a stopgap measure to meet surging demand for Google’s Gemini platform. As reported by TheStreet, this development highlights the growing relationship between Google and SpaceX, with Alphabet both a shareholder and a paying customer.

Source | Originally Published: November 10, 2026

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