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

Nvidia is forecasting revenue growth of 70%, with the increase fueled in part by an exclusive deal with SpaceX. The financial terms, duration, and detailed revenue contribution from the agreement remain undisclosed.

Nvidia reported revenue of $215.9B, up 65.5% YoY, for the fiscal year ended January 25, 2026. The reported 70% outlook would represent continued expansion at a slightly faster pace, though the forecast period is unclear.

Nvidia enters with 71.1% gross margins and 55.6% net margins, alongside diluted EPS of $4.90. These 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 contract value, delivery schedules, purchasing commitments, and accounting treatment remain unknown.

The Bank of England's warning raises a market-level concern about AI valuations. It does not specifically identify Nvidia, nor does it provide a valuation metric, a policy action, or evidence that demand for Nvidia products is weakening. The situation therefore combines a concrete company forecast with a broad caution about the sector's pricing and expectations.

Investors will need Nvidia's next formal results or outlook update to determine whether the 70% forecast converts into reported revenue and whether margins hold. The SpaceX agreement's financial terms and timing are also essential before its contribution can be assessed.