Elon Musk's SpaceX reported a 92% year-on-year revenue growth in its first earnings release as a public company on Tuesday, August 5th, 2026. The company disclosed signing $14.1 billion in contracted cloud service sales during the April-June period, 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 technology hardware sector, many major PC makers have completed the qualification process for CXMT's dynamic random access memory (DRAM) chips around mid-2026 and have begun incorporating limited amounts into their notebook computers, signaling a win for China's memory chip industry.

On Wednesday, August 6th, 2026, 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 previous reliance on the U.S. company's Falcon 9 rockets used in 2022 and 2025 missions.

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 poses challenges for Japanese customers needing to pay for SpaceX services in dollars.

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Nikkei Asia