SpaceX IPO Nears With Google Cloud Deal, Asian Investors Explore Alternatives
Asian investors are reportedly seeking alternative avenues to invest in Space Exploration Technologies Corp. (SpaceX) as they have been largely excluded from the company's anticipated $75 billion initial public offering (IPO). The move comes as SpaceX prepares for its IPO, boosted by a significant cloud computing agreement with Google. This deal is set to provide SpaceX with $920 million per month for access to a large cluster of AI chips, according to a disclosure in its IPO filing.
Investors across Asia have reportedly faced significant barriers to participation in Space Exploration Technologies Corp.'s (SpaceX) upcoming initial public offering, prompting them to explore creative strategies to bet on the company.
The highly anticipated IPO is valued at $75 billion, making it one of the largest global offerings. Ahead of its scheduled IPO on June 12, SpaceX secured a major cloud computing agreement with Google.
Under the terms of the deal, signed on June 5, Google will pay SpaceX $920 million per month. This payment grants Google access to a massive cluster of approximately 110,000 Nvidia GPUs, which are crucial hardware components for powering Google's artificial intelligence models.
The agreement, disclosed in SpaceX's IPO filing, is expected to substantially bolster the finances of the Elon Musk-founded rocket company as it approaches its public listing.
According to Bloomberg Markets, a Tesla electric vehicle was observed near a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on June 8, 2026.
