On Tuesday, Elon Musk's SpaceX reported a 92% year-on-year revenue growth in its first earnings release as a public company. The company disclosed signing $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, 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.

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

The article also notes the challenges posed by currency fluctuations, mentioning that the yen is highly depreciated while SpaceX services require payment in dollars.

These developments underscore a dynamic period in Asia's technology and space sectors, with SpaceX making a significant impact and China achieving notable progress in the memory chip industry.

Sources