Nvidia’s Blowout and SpaceX’s Blue Sky Ambitions

<p>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.&nbsp;</p><p>Nvidia is also printing cash: Free cash flow in the quarter was $48.6 billion, which is <i>half </i>what it produced for all of fiscal 2026! (More <a href="https://www.theinformation.com/briefings/nvidia-projects-95-sales-growth-current-quarter-fourth-consecutive-increase?rc=9byxri">details are here</a>.) 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 <a href="https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm">finally became public late Wednesday</a>—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.&nbsp;</p>