Breaking Tech: Jul 27 (5 stories)

Here is your Daily summary for Technology across the world for Mon 27th July 2026

The Exploration Company GmbH, a potential European competitor to SpaceX, is reportedly in discussions to secure $300 million in funding, which would elevate its valuation to over $2 billion. This investment, partly from the EU's Scaleup Europe Fund, highlights the growing interest in the commercial space sector in Europe.

In China, CXMT Corp. is set for a historic IPO amid a surge of investor enthusiasm for memory chips, signaling a pivotal moment for the country's tech industry. This debut could reshape market dynamics as demand for memory products continues to rise.

Apple is rumored to unveil its long-anticipated smart glasses at WWDC 2027, with a focus on privacy and camera capabilities, potentially positioning itself against Meta's offerings. This development could mark a significant shift in augmented reality technology.

Meanwhile, Qualcomm plans to raise its prices by double digits, a move expected to impact the broader tech landscape as companies grapple with rising costs. Additionally, the tech industry continues to see layoffs, with many firms citing AI as a contributing factor, reflecting the ongoing adjustments in the workforce amid technological advancements.