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. 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 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 makers have completed qualification for CXMT's DRAM chips around mid-2026 and have started to incorporate limited amounts into notebook computers, signaling a win for China's memory chip industry.

On Wednesday, August 5th, Japanese lunar exploration startup ispace announced it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned in 2028. This marks a shift from relying on the U.S. company's Falcon 9 for its previous missions in 2022 and 2025.

The report also notes challenges such as the highly depreciated yen affecting payments for SpaceX services, which must be made in U.S. dollars. Additionally, discussions continue around U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, with some expressing concerns in an open letter.

These developments reflect dynamic shifts in Asia's technology and space sectors, with SpaceX making a splash in cloud and AI infrastructure, China scoring advances in memory technology, and Japan progressing in lunar exploration.

Sources