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 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 other Asian tech news, Japanese lunar exploration startup ispace announced on Wednesday, August 5th, 2026, that it selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned for 2028. This follows ispace's previous reliance on the U.S. company's Falcon 9 rockets for missions in 2022 and 2025.

Additionally, multiple sources familiar with the matter report that many major PC makers have completed qualification for CXMT's DRAM (dynamic random access memory) chips around mid-2026 and have started using limited amounts in their notebook computers, marking a win for China's memory chip industry.

The article also notes ongoing debates in Silicon Valley regarding a potential ban on Chinese open-weight artificial intelligence models, with some U.S. companies opposing such restrictions.

Sources:

  • SpaceX's growth and AI revenue
  • Chinese VC fundraising efforts
  • ispace's lunar mission announcement
  • Adoption of CXMT's DRAM chips by PC makers

Additional Context

Robot vacuum cleaners remain widely available with falling prices, though trade concerns suggest buying sooner rather than later. High-fidelity sensors including LiDAR, tactile, acoustic, and thermal sensors are increasingly used to collect sensitive data in tech applications.

The yen's depreciation affects payments for SpaceX services, which must be made in U.S. dollars.

Sources

Nikkei Asia: SpaceX makes a splash and China scores a memory win