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

Additionally, many major PC manufacturers 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.

The article also notes ongoing discussions around bans on Chinese open-weight artificial intelligence models, with some U.S. companies opposing such restrictions.

These developments underscore significant movements in the Asia-Pacific tech and space sectors, with SpaceX making a splash in cloud and AI infrastructure services and China scoring advances in memory technology.

Sources