We consider the 1-dimensional cubic Szegő equation with data distributed according to the Gaussian measure with inverse covariance operator $(1-\partial_x^2)^\frac s2$, where $s>\frac12$. We show that, for $s>1$, this measure is quasi-invariant under the flow of the equation, while for $s<1$, $s\neq \frac34$, the transported measure and the initial Gaussian measure are mutually singular for almost every time. This is the first observation of a transition from quasi-invariance to singularity in the context of the transport of Gaussian measures under the flow of Hamiltonian PDEs.