It is gz-compressed, but (1) your browser might decompresses it on the fly after seeing the "Content-Encoding: x-gzip" and (2) most postscript viewers decompress on the fly as gzipped postscript is so prevalent.
> [...] most postscript viewers decompress on the fly as gzipped postscript is so prevalent.
Not only prevalent, but also the right thing to do. PDF was an attempt to (among other aims) achieve smaller filesizes than PS. But that was premature optimization: While a PS file is usually bigger than a PDF, gzipped PS beats PDF.