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. The company signed $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 aiming 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 makers have completed the qualification process for CXMT's DRAM chips around mid-2026 and have started using limited amounts in their notebook computers.

On Wednesday, August 5th, 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 relying on the U.S. company's Falcon 9 for previous missions in 2022 and 2025.

The article also notes concerns from U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, citing an open letter that argues such a ban would have negative implications.

Additionally, the depreciation of the yen poses challenges for Japanese customers needing to pay for SpaceX services in U.S. dollars.

Sources