SpaceX has updated its Initial Public Offering (IPO) prospectus to highlight a substantial cloud contract with Google.

SpaceX has updated its Initial Public Offering (IPO) prospectus to highlight a substantial cloud contract with Google and introduce a notable 5% stock allocation for friends and family. Nestled within the amendment filed on June 3, the $29.4 billion cloud service agreement pledges to supply Google with approximately 110,000 NVIDIA GPUs and essential components. Google has committed to paying $920 million monthly from October 2026 through June 2029 for this advanced infrastructure. The deal, underscored by stringent delivery conditions, allows Google to opt out if SpaceX misses the September 2026 deadline for GPU delivery. The IPO update also introduces a strategic stock allocation, estimated at $3.75 billion, that bypasses customary lockup periods post-debut. This maneuver could benefit from typical first-day stock surges, potentially yielding substantial immediate gains. The prospectus also hints at significant mergers and acquisitions after raising $75 billion, listing AI startup Cursor as a target. Such strategic developments, alongside the Google contract, position SpaceX for sustained lucrative growth as it prepares for its Nasdaq debut. (With inputs from agencies.)

Future spacecraft could use a single propellant to perform both rapid movements and slow, highly controlled adjustments.

The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded.

Alphabet entered a cloud service agreement with SpaceX to pay $920 million per month for 200 megawatts of capacity from October 2026 through June 2029.