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. 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 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 other developments, Japanese lunar exploration startup ispace announced on Wednesday, August 6th, 2026, that 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 its previous missions in 2022 and 2025.

Additionally, many major PC makers have completed the qualification process for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have started to incorporate a limited amount of these chips in their notebook computers.

The report also notes ongoing discussions around artificial intelligence models, with some U.S. companies opposing a ban on Chinese open-weight AI models, citing concerns expressed in an open letter.

The yen's current depreciation presents challenges for Japanese companies, especially as SpaceX services require payment in U.S. dollars.

These developments underscore Asia's dynamic role in the global technology and space sectors.

Sources