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 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 tech developments, many major PC makers have completed qualification for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have begun using limited amounts in notebook computers.

On Wednesday, August 6th, Japanese lunar exploration startup ispace announced it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned in 2028, shifting from reliance on the U.S. company's Falcon 9 used in missions in 2022 and 2025.

The report also notes ongoing debates in Silicon Valley, where some U.S. companies oppose a ban on Chinese open-weight artificial intelligence models, citing concerns expressed in an open letter.

Additionally, robot vacuum cleaners remain widely available with falling prices, though some consumers face challenges due to trade and cost considerations.

These developments underscore dynamic shifts in the Asia-Pacific tech landscape, with SpaceX making a notable impact and China achieving advances in memory technology.

Sources