On August 12, Musk stated in his latest remarks that AI revenue will surpass all other business revenues of SpaceX by September, and he predicts that within five years, AI will account for 99% of SpaceX's valuation. Musk mentioned that SpaceX has established 'the world's most powerful AI training cluster' and plans to increase its current computing power by about tenfold by the end of next year, targeting 10 gigawatts, which corresponds to a potential annual revenue of $300 billion to $500 billion. He also anticipates that Starlink could handle over 90% of global internet traffic in the future.
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Musk: AI to Account for 99% of SpaceX Valuation, Aiming for 10 GW Computing Power by End of Next Year
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Central Bank: Timely Planning of Practical Incremental Policies to Strengthen Counter-Cyclical Regulation
On August 12, the Central Bank released the 2026 second quarter report on the implementation of China's monetary policy. The People's Bank of China will timely plan and implement practical incremental policies, enhance counter-cyclical regulation, and strengthen the expansion of domestic demand and optimization of supply to promote sustained and improved economic development. It will steadfastly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up, accelerate the construction of a strong financial nation, improve the central banking system, and build a scientific and robust monetary policy system along with a comprehensive macro-prudential management system, ensuring smooth transmission of monetary policy mechanisms. (Jin Shi) -
U.S. Stock Index Futures Rise Short-Term, Nasdaq 100 Futures Up 0.7%
U.S. stock index futures have risen short-term, with Nasdaq 100 futures up 0.7%. U.S. Treasury bonds have increased, and the yield on the 10-year Treasury note has fallen by 3 basis points to 4.66%. -
WTI Crude Oil Declines 1.00% to $81.37 per Barrel
WTI crude oil has decreased by 1.00% today, currently priced at $81.37 per barrel. -
South Korea to Require New Investors in Single Leveraged ETFs to Complete Simulation Trading Exercises
South Korea will require new investors in single leveraged exchange-traded funds (ETFs) to complete simulation trading exercises, further tightening regulatory measures on this high-risk product that exacerbates market volatility. The Financial Services Commission of South Korea announced that new investors must complete at least five days of simulation trading, totaling at least five hours, before purchasing single leveraged ETFs. The new regulation will take effect on August 19 and applies to both domestic and overseas investments. -
Yen Fluctuations: Major Currencies Experience Sharp Decline Against Yen
On August 12, the yen suddenly strengthened, causing major non-USD currencies to collectively drop sharply against the yen. The British pound against the yen fell nearly 80 points in a short time, the euro against the yen (EUR/JPY) dropped over 60 points, the Swiss franc against the yen fell nearly 60 points, the Canadian dollar against the yen decreased by nearly 50 points, and the Australian dollar against the yen dropped nearly 40 points. -
Duan Yongping Increases Stake in Pop Mart from 5.55% to 7.70%
On August 12, according to disclosures from the Hong Kong Stock Exchange, H&H International Investment, LLC, managed by Duan Yongping, increased its stake in Pop Mart (09992.HK) from 5.55% to 7.70% as of August 6. (Jin Shi) -
Tencent: Q2 Financial Technology and Enterprise Services Revenue Increased 9% Year-on-Year to 60.3 Billion Yuan
On August 12, Tencent reported that in the second quarter of 2026, revenue from its financial technology and enterprise services business increased by 9% year-on-year to 60.3 billion yuan, which is in line with expectations. The growth in financial technology service revenue was primarily driven by increases in commercial payments, wealth management, and consumer loan services. The growth in enterprise services revenue was mainly driven by an increase in our cloud services revenue, supported by rising demand for AI-related services, ongoing expansion into international markets, and a more favorable pricing environment. -
Metaplanet Transfers 4,176 Bitcoins Worth Approximately $265 Million in Last 7 Hours
According to monitoring by The Data Nerd, Metaplanet (@Metaplanet) transferred 4,176 bitcoins in the last 7 hours, valued at approximately $265 million. Metaplanet previously purchased 43,000 bitcoins at an average price of $96,191 each, and currently holds a related loss of about $1.4 billion, representing a decline of 34%. -
Tencent Holdings: Free Cash Flow of RMB 37.6 Billion in Q2 2026 Excluding Prepayments for Computing Power
Tencent Holdings (00700.HK) announced that in the second quarter of 2026, the group recorded a negative free cash flow of RMB 13.8 billion. This was due to a net cash inflow from operating activities of RMB 52.7 billion being more than offset by capital expenditures of RMB 59.3 billion, media content payments of RMB 5 billion, and lease liability payments of RMB 2.2 billion. Our operating cash flow includes significant prepayments related to AI, aimed at providing infrastructure to support the demands of Hy model upgrades, WorkBuddy and CodeBuddy inference, WeChat AI initiatives, and the AI capability development of our various products and services, while also meeting the growing demand from external customers for our cloud services. Excluding the prepayments for computing power, our free cash flow would be RMB 37.6 billion. -
Liang Wenfeng's Wealth Soars to Nearly $40 Billion, Enters Global Billionaires Top 50
On August 12, according to IT Home, financial research company bestbrokers recently conducted a survey based on Forbes' real-time billionaire rankings. Between July 27, 2025, and July 27, 2026, Liang Wenfeng, founder of DeepSeek, saw his net worth skyrocket from $1 billion in 2025 to $39.5 billion in 2026 (approximately 266.8 billion RMB at current exchange rates), marking an astonishing growth of 3850% within a year. He became the fastest-growing billionaire in terms of wealth during this period and entered the top 50 of the global billionaire list. Liang's significant wealth increase is primarily attributed to DeepSeek's valuation rising from about 7.2 billion RMB in 2025 to approximately 400 billion RMB this year.
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