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 period, 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 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 other tech developments, Japanese lunar exploration startup ispace announced on Wednesday, August 5th, 2026, that it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission in 2028. This marks a shift from its previous reliance on the U.S. company's Falcon 9 rocket for missions in 2022 and 2025.

Additionally, multiple sources familiar with the matter reported that many major PC makers completed the qualification process for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have started using limited amounts in their notebook computers, signaling a win for China's memory chip industry.

The tech landscape in Asia continues to evolve rapidly, with advances in AI, cloud services, and space exploration shaping the region's economic outlook.

Sources