MAYASIA BUSINESS OUTLOOK8NEWS ROOMAGNIKUL COSMOS EYES $75M FUNDING TO SCALE ROCKET PRODUCTIONChennai-based spacetech startup Agnikul Cosmos is in early discussions to raise US$50 million to US$75 million in an extension of its Series C round, valuing the company at approximately US$500 million. The funds, supported by potential investors including Avataar Ventures and existing shareholders, are intended to scale production capabilities.This follows the company's US$17 million Series C raise in November 2025 and a 250 million rupee (US$2.65 million) investment from Tamil Nadu's TIDCO in March 2026.Investor interest in India's private space sector has surged, with Tracxn reporting over US$196 million across 55 deals in 2025. Agnikul's fundraising efforts are backed by significant technical milestones, most notably the May 30, 2024 sub-orbital launch of its Agnibaan SOrTeD rocket. Hyundai Motor Group and Korea Aerospace Industries (KAI) announced a strategic partnership on May 10 to co-develop advanced air mobility (AAM) aircraft.The collaboration combines Hyundai's expertise in electric aviation powertrains with KAI's aircraft engineering capabilities to create the next generation of electrified aerial vehicles.The companies will focus on development, mass production, supply chains, certification, and customer networks for global deployment. Hyundai's US-based air taxi unit, Supernal, will co-develop the aircraft, while Hyundai's aviation powertrain division will commercialize electric propulsion systems. KAI, established in 1999 and known for military aircraft like the KT-1 trainer, has recently expanded into civilian air mobility. Yeebo (International Holdings), a Hong Kong-based electronics components maker, announced on May 11 that its subsidiary Suanova launched cube-router.com, the city's first token-based NeoCloud platform for AI computing.The service, operated in partnership with telecom firm HKBN, runs on Suanova's Harvest No. 4 cluster and uses GPU systems from MetaX and Biren Technology to pool computing capacity, schedule workloads, meter usage, and provide security tools.Suanova already operates Harvest computing centers in Hong Kong and Shanghai, serving both academic and enterprise clients, including SenseTime.The new platform reflects a broader trend in AI infrastructure, where operators sell raw Graphics Processing Unit (GPU) capacity via tokenized consumption. HYUNDAI & KAI PARTNER TO DEVELOP ADVANCED AIR MOBILITY AIRCRAFTYEEBO'S SUANOVA LAUNCHES TOKEN-BASED NEOCLOUD FOR AITRUMP-XI BEIJING SUMMIT 2026: HIGH-STAKES TALKS AMID IRAN CRISISU.S. President Donald Trump is set to meet Chinese President Xi Jinping in Beijing on May 14­15, 2026, for a highly anticipated two-day summit.This marks Trump's first visit to China since 2017 and comes at a critical time, with the ongoing Iran conflict, energy disruptions in the Strait of Hormuz, trade frictions, and Taiwan tensions dominating the agenda.Both sides aim to stabilize relations, but expectations remain modest. The summit was delayed from earlier in the year due to the escalation of the Iran conflict in late February 2026. It follows a fragile trade truce established in late 2025. Trump has publicly expressed optimism, predicting a warm reception, while analysts note that China holds significant leverage amid U.S. focus on the Middle East.
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