Nvidia forecasts 70% revenue jump fueled by exclusive SpaceX deal as Bank of England warns of AI bubble risk

The report says Nvidia is forecasting revenue growth of 70%, with the increase fueled in part by an exclusive deal with SpaceX. The item does not provide a dollar value for the agreement, the duration of the arrangement, or a detailed revenue contribution from SpaceX. It also does not identify the date or format of Nvidia’s forecast disclosure beyond the report published on September 2, 2026.

The company’s latest enrichment provides a substantial operating base for the forecast. Nvidia reported revenue of $215.9B, up 65.5% YoY, for the fiscal year ended January 25, 2026. That prior growth rate is the relevant comparison in the available data: the reported 70% outlook would represent continued expansion at a slightly faster pace, although the story does not explain whether the forecast covers a full fiscal year or another period.

Nvidia enters the report with 71.1% gross margins and 55.6% net margins, alongside diluted EPS of $4.90. Those figures connect the revenue outlook to an already profitable business rather than a growth story dependent on future operating leverage. SpaceX is the named commercial counterparty, but the report supplies no contract value, delivery schedule, purchasing commitment, or accounting treatment that would allow the deal’s effect on revenue or margins to be isolated.

The Bank of England’s warning is the counterweight. It raises a market-level concern about AI valuations, but the available reporting does not say that the central bank identified Nvidia specifically, nor does it provide a valuation metric, a policy action, or evidence that demand for Nvidia products is weakening. The story therefore combines a concrete company forecast with a broad caution about the sector’s pricing and expectations.

The next useful evidence is Nvidia’s next formal results or outlook update, which would show whether the 70% forecast is being converted into reported revenue and whether the 71.1% gross-margin and 55.6% net-margin profile is holding. Investors will also need the SpaceX agreement’s financial terms and timing before its contribution can be assessed. No dated earnings, filing, or SpaceX disclosure is supplied in the source material, leaving the forward catalyst date unspecified.