Elon Musk's SpaceX reported a 92% year-on-year revenue growth in its first earnings release as a public company on Tuesday, August 4, 2026. The company announced it 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 tech hardware sector, many major PC manufacturers have completed qualification for CXMT's dynamic random access memory (DRAM) chips around mid-2026 and have begun incorporating limited amounts into their notebook computers, signaling a win for China's memory chip industry.

On the space exploration front, Japanese lunar exploration startup ispace announced on Wednesday, August 5, 2026, that it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission scheduled 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.

Additional context includes concerns from U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, citing potential impacts on the industry. Also noted is the depreciation of the yen, which affects payments for SpaceX services that must be made in dollars.

Sources