Revenue from the company's AI business, which SpaceX has described as a future core operation, surged 250% to $2.56 billion, while the traditional space launch business grew 29% to $962 million. A Warning on Memory Chip PricesPerhaps the most closely watched moment of the call came when Musk addressed the global memory chip market, arguing that current supply constraints represent the central bottleneck facing continued AI infrastructure expansion. Musk's remarks triggered a swift reaction across memory chip stocks. AMD Posts Its Own AI-Driven SurgeSpaceX's results arrived alongside a strong earnings report from AMD, which has emerged as a leading rival to Nvidia in the AI chip market. The company forecast third-quarter revenue of $13 billion, above the market consensus estimate of $12.52 billion, citing continued growth in demand from large-scale AI data center expansion.