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SpaceX is set to make a huge deal with Google whereby the latter will be paying $920 million monthly for computing services. This deal will kick off in October and run up until June 2029, and could see SpaceX earn about $30 billion from it.

The deal will boost SpaceX's standing in the rapidly expanding field of AI. This deal comes on the heels of Google accessing 110,000 Nvidia AI processors in order to satisfy demand for AI computing services.

According to Google, there continues to be high demand for the company's cloud and AI computing services, with many contracts yet to be fulfilled.