SpaceX's Google AI Pact Is Worth Up to $29 Billion, but Investors Shouldn't Bank on It

Alphabet will pay SpaceX $920 million monthly for compute capacity in a deal potentially worth $29 billion over 32 months. However, the article warns investors that SpaceX's AI revenue lacks durability due to 90-day termination clauses, Alphabet's temporary 'bridging strategy' while building internal capacity, and the risk that current high pricing ($30-50 per watt) won't sustain once supply constraints ease. SpaceX must prove competitive advantages in a less constrained market.