Did Google Just Give Investors 30 Billion Reasons to Buy the SpaceX IPO?

SpaceX disclosed a $30 billion cloud service agreement with Google to supply 110,000 Nvidia GPUs and related hardware, with Google paying $920 million monthly from October 2026 to June 2029. While the deal validates SpaceX's pivot into AI infrastructure and provides predictable cash flow, the analyst cautions that this alone is not sufficient reason to buy the IPO, noting Google can exit with 90 days' notice and may view this as a temporary bridge while transitioning to its own custom TPU chips.