Abstract PG 1448+273 is a luminous, nearby (z = 0.0645), narrow-line Seyfert 1 galaxy, which likely accretes close to the Eddington limit. XMM-Newton observations of PG 1448+273 in 2017 revealed the presence of an ultrafast outflow, as seen through its blueshifted iron K absorption profile, with an outflow velocity of about 0.1 c. Here, the first NuSTAR observation of PG 1448+273, performed in 2022 and coordinated with XMM-Newton, is presented, which shows remarkable variability of its ultrafast outflow. The average count rate is a factor of 2 lower during the last 60 ks of the NuSTAR observation, where a much faster component of the ultrafast outflow was detected with a terminal velocity of 0.26 ± 0.04 c. This is significantly faster than the outflow component that was initially detected in 2017, when overall PG 1448+273 was observed at a lower X-ray flux, and which implies an order of magnitude increase in the wind kinetic power between the 2017 and 2022 epochs. Furthermore, the rapid variability of the ultrafast outflow in 2022, on timescales down to 10 ks, suggests we are viewing through a highly inhomogeneous disk wind in PG 1448+273, where the passage of a denser wind clump could account for the increase in obscuration in the last 60 ks of the NuSTAR observation.