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 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 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 rocket for 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 incorporating a limited amount into their notebook computers.

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

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

These developments underscore dynamic shifts in the Asia tech landscape, with SpaceX making a splash in cloud and AI services and China scoring notable wins in memory chip technology.

Sources