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 actively raising funds, seeking 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 tech developments, many major PC makers have completed the qualification process for CXMT's dynamic random access memory (DRAM) chips around mid-2026 and have started using a limited amount in their notebook computers.

On Wednesday, August 5th, Japanese lunar exploration startup ispace announced it had selected Mitsubishi Heavy Industries' H3 rocket for a lunar landing mission planned 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.

The report also touches on ongoing debates in the AI sector, with some U.S. companies opposing a ban on Chinese open-weight artificial intelligence models, arguing such restrictions could have significant impacts.

Additionally, the yen's depreciation poses challenges for Japanese customers of SpaceX services, which require payment in U.S. dollars.

These developments underscore a dynamic period in the Asia-Pacific tech and space sectors, with significant growth and strategic shifts underway.

Sources