Nvidia’s Blowout and SpaceX’s Blue Sky Ambitions

Nvidia, wow. The AI chip giant did it again, delivering better than projected 85% revenue growth for its April quarter, the first in its 2027 fiscal year. Even better, Nvidia forecast 95% growth for the second quarter. Its fiscal 2027 is shaping up to be a firecracker, with sharply faster growth than last year’s still-stellar 66% rate of expansion. 

Nvidia is also printing cash: Free cash flow in the quarter was $48.6 billion, which is half what it produced for all of fiscal 2026! (More details are here.) For all that, the center of tech attention on Wednesday was on OpenAI and SpaceX, both moving rapidly toward their public debuts. SpaceX’s IPO paperwork finally became public late Wednesday—that news would be hard to miss, to be sure, seeing as business media has breathlessly chronicled every twist and turn of what’s expected to be the biggest IPO ever.