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SpaceX on Friday signed a blockbuster cloud computing agreement under which Google will pay the Elon Musk-founded rocket company $920 million per month for access to a massive cluster of AI chips, according to a disclosure in its initial public offering filing.The deal resembles one struck with AI giant Anthropic, in which SpaceX leased compute capacity at its Colossus data centers in Memphis, Tennessee for $1.25 billion a month.

Data centers use water primarily for cooling their servers, which process enormous amounts of information.

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

It was not immediately clear which states would bring the lawsuit, Reuters reported, citing sources familiar with the matter.

SpaceX begins investor marketing at $135 per share as Musk backers rally behind its long-term vision.

Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.

Owning a stake in SpaceX prior to its IPO is actually easier than you think if you buy shares of the ERShares Private-Public Crossover ETF (XOVR).

The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value. On CNBC’s Morning Call Sheet on Friday, June 5, Adam Kobeissi, Editor in Chief of The Kobeissi Letter, strategist Matt Powers, and Senior Economist Jose Torres argued the deeper story is a rotation out of AI semiconductor leaders into ... SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

The operator of the S&P 500 says it has decided not to change its guidelines for when very large “MegaCap” companies are eligible for inclusion into its bevy of stock indexes. In its announcement Thursday, S&P Dow Jones Indices said its index committee weighed responses received from a “wide range of market participants,” but ultimately decided not to make any changes to its criteria for determining when a company should be added to the S&P 500, S&P MidCap 400, or S&P SmallCap 600 indexes. The committee also decided against creating exceptions to its guidelines solely based on market capitalization, or how the stock market gauges a company’s value.

SpaceX may appeal to investors seeking innovation and growth.

Not all of Wall Street is buying Musk’s math.

Quantinuum’s IPO grabbed headlines, but its first trading day showed both excitement and caution. How can investors approach QNT stock after its Wall Street debut?

The SpaceX initial public offering is one of a kind; the investment opportunity is not. SpaceX’s IPO is arguably the biggest capital-markets event ever, and unique. SpaceX’s singularity will continue when it starts trading, with the company added to the just 15 trading days after the offering, requiring passive buying of 10% to 15% of the shares outstanding, and a massive amount of retail participation in the IPO.

The Dow Jones hit a new high while the Nasdaq tumbled as Broadcom and Ciena triggered AI and chip losses. SpaceX set an IPO price target.

Quantinuum was supposed to be the quantum sector’s most anticipated public listing of the year. While Quantinuum posted a wider net loss and lower revenue for the first quarter, the phenomenon of growing losses and “lumpy” revenue—large infusions of income at inconsistent times—is observed by most players in the industry at some point in their life span.

As markets (^DJI, ^IXIC, ^GSPC) prepare for the public launch of SpaceX (SPAX.PVT) on June 12, should investors be skeptical of these mega-IPOs expected to sweep Wall Street? 9i Capital Group founder and CEO Kevin Thompson cites the circular investing occurring between Big Tech names and these pre-IPO companies — SpaceX, OpenAI (OPAI.PVT), Anthropic (ANTH.PVT). OpenAI and Anthropic have also filed to go public in 2026.

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new

SpaceX is gearing up for the biggest IPO in history. Here's why investors could end up owning Elon Musk's rocket giant — like it or not.

The restaurant company could potentially have as many locations outside the U.S. as it does inside, given a few decades of further growth, CFO Adam Rymer said.

CMG refreshes Rewards to convert app-heavy loyalty into in-store repeat traffic; Q1 2026 loyalty hits 32% of sales, and enrollees rise 25%.

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Learning how to invest in growth stocks like Apple, Nvidia and Palantir starts with reading between these lines.

Two beaten-down restaurant names, one decision: should a retirement-focused investor put fresh capital into Starbucks (NASDAQ: SBUX) or Chipotle Mexican Grill (NYSE: CMG) right now? Both stocks have been punished, but for opposite reasons. Starbucks has rallied off its lows as a turnaround takes hold, while Chipotle has cratered as its growth story collapsed into ... Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

SpaceX is preparing for a historic stock market debut. Here's what to know about buying IPO shares, brokerage qualifications, allocation rules, and other ways to benefit.

SpaceX is preparing for a historic stock market debut. Here's what to know about buying IPO shares, brokerage qualifications, allocation rules, and other ways to benefit.

SpaceX is preparing for a historic stock market debut. Here's what to know about buying IPO shares, brokerage qualifications, allocation rules, and other ways to benefit.

SpaceX is preparing for a historic stock market debut. Here's what to know about buying IPO shares, brokerage qualifications, allocation rules, and other ways to benefit.

It’s big news as the buzz gets louder surrounding the most publicized IPO in years. CNBC reporter Robert Frank reported on June 5 that SpaceX’s IPO is set to price next Friday, June 12, at $135 per share. The deal would potentially lift Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth past $1 trillion, crowning him ... SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

Investors hope every stock they pick will go “to the moon”, but some companies take that more literally than others.

Investing.com -- JPMorgan has upgraded shares of Chipotle Mexican Grill to Overweight from Neutral, arguing that the restaurant chain's steep stock decline has created an attractive entry point for investors despite a more moderate growth outlook.