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 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 the technology hardware sector, many major PC makers have completed qualification for CXMT's DRAM chips around mid-2026 and have started incorporating limited amounts into their notebook computers.

On the space exploration front, Japanese lunar exploration startup ispace announced on Wednesday, August 6th, 2026, that it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned for 2028. This marks a shift from relying on the U.S. company's Falcon 9 for previous missions in 2022 and 2025.

Additional context includes concerns over a depreciated yen impacting payments for SpaceX services, which must be made in U.S. dollars. Discussions around AI also surfaced, with some U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, citing potential impacts.

Overall, the developments reflect dynamic growth and competition in Asia's tech and space sectors, with SpaceX making a splash globally and China scoring advances in the memory chip market.

Sources