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 hardware sector, many major PC makers have completed qualification for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have started incorporating limited amounts into notebook computers, marking a win for China in the memory chip market.

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 for 2028. This marks a shift from its previous reliance on the U.S. company's Falcon 9 rockets used in 2022 and 2025 missions.

The report also noted concerns from U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, with some stating in an open letter that such a ban would have significant implications.

Additionally, the yen's depreciation poses challenges for Japanese customers needing to pay for SpaceX services in dollars.

Sources