$SPCX reportedly signed a $30B cloud compute agreement with $GOOGL.
The deal includes ~110,000 $NVDA GPUs along with CPUs, memory and supporting infrastructure.
Correction and update from earlier today — and the real story is actually better news.
What I initially thought was concrete construction activity on the VSA farmland near Arbuckle Neck Road turns out to be dredge spoil operations. Sloop Gut — the tidal channel providing access to the NASA North dock at Wallops Island — is finally being dredged.
This is a big deal. Rocket Lab has long cited Sloop Gut's shallow, tide-dependent access as a major logistical challenge for moving Neutron hardware by barge. The company filed a dredging application with the Virginia Marine Resources Commission specifically to address this bottleneck.
Salmons Incorporated is the contractor, operating May 4 through October 31, 2026, using an excavator, material barge, and pushed boat Gail Waring on the Chincoteague Channel and Sloop Gut.
The operation I witnessed today was dredge spoil — sediment from the channel bottom — being mixed with aggregate to stabilize the wet material, then transported to nearby VSA farmland for dewatering. Per VDEQ permits, approximately 55,000 cubic yards of dredge material will be spread across roughly 78 acres at 4-5 inches depth for up to 364 days.
A dredged Sloop Gut means reliable, tide-independent barge access to Wallops Island. That is exactly what Rocket Lab needs for Neutron.
Things are moving.
@NASASpaceflight
4K Video Here: https://t.co/dSYSW8XGNV
@SpaceSector001 I think the IPO re evaluation is confusing people into thinking RKLB must be worth less—except we were never valued correctly to begin with. A 2T valuation on SPCX means RKLB should be at least 200B