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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
SpaceX entered a cloud service agreement with Alphabet's Google for compute capacity valued at $920 million per month, totaling an estimated $30 billion as SpaceX prepares for its IPO. Concurrently, Alphabet offered over $19 billion in mandatory convertible preferred stock last week. The offering was split into two equal parts at $50 per share with a 6% yield.