June 5 (Reuters) - SpaceX said on Friday it has entered

into a multi-year cloud services agreement with Alphabet's

Google, locking in computing capacity as it prepares

for its highly anticipated U.S. stock market debut next week.

As part of the deal, Google will pay SpaceX $920 million

monthly 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 pact brings another high-profile customer to SpaceX,

after Anthropic, strengthening its AI narrative as it targets a

$75 billion raise in its upcoming initial public offering.

The compute capacity provided includes about 110,000 Nvidia

GPUs, CPUs, memory and other related components.

If SpaceX does not provide access to the agreed number of

GPUs by September 30, then, after a one-month grace period,

"Google may immediately terminate the agreement or accept the

number of GPUs provided, with a corresponding pro-rata reduction

in the monthly fees," the company said.

After December 31, either party may terminate the agreement

by providing 90 days' notice. Google will retain ownership of,

and all intellectual property rights in, its content, AI models

and associated data.

In May, Anthropic said it had reached a deal to use the full

computing power of SpaceX's Colossus 1 facility in Memphis,

Tennessee, which houses more than 220,000 Nvidia ( NVDA ) processors and

will give the Claude chatbot maker 300 megawatts of new capacity

within a month.