Elon Musk's SpaceX reported a 92% year-on-year revenue growth in its first earnings release as a public company on Tuesday, August 4th, 2026. During the April-June quarter, SpaceX signed $14.1 billion in contracted cloud service sales, with $1.6 billion recognized as AI infrastructure revenue in the second quarter.

Meanwhile, Chinese venture capital groups are actively seeking to raise an estimated $35 billion for at least 60 new dollar-denominated funds, including about 40 venture capital funds, according to data from private placement and advisory firm Asante Capital. Ricardo Felix, partner and head of Asia-Pacific at Asante, highlighted this significant fundraising effort.

In the tech hardware sector, many major PC manufacturers have completed qualification for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have begun incorporating limited quantities into their notebook computers, signaling a win for China's memory chip industry.

On Wednesday, August 5th, Japanese lunar exploration startup ispace announced it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned in 2028. This marks a shift from its previous reliance on the U.S. company's Falcon 9 rockets for missions in 2022 and 2025.

Additional context includes concerns from U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, citing potential impacts on the industry. The yen's depreciation also affects costs, as SpaceX services require payment in U.S. dollars.

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