What massive SpaceX-Alphabet compute deal means ahead of IPO

June 9, 2026

SpaceX (SPAX.PVT) continues to turn investors’ heads ahead of its IPO this Friday, June 12, as Elon Musk’s space company strikes a deal with Alphabet (GOOG, GOOGL) for the Big Tech company to borrow computing power for $920 million per month.

Yahoo Finance Senior Reporter Pras Subramanian discusses the value this has for investor sentiment on SpaceX’s upcoming stock release.

SpaceX is expected to go public on the Nasdaq this week under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.

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