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Infleqtion

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Infleqtion charts Nvidia-like path to commercial quantum tech after SPAC debut
business8 days ago

Infleqtion charts Nvidia-like path to commercial quantum tech after SPAC debut

Infleqtion began trading via a SPAC merger and posted a double-digit first-day gain as CEO Matt Kinsella says the moment is a refueling toward turning quantum from lab to market. He cites a Nvidia‑style strategy of applying the company’s neutral-atom quantum core to sensing, timekeeping, and computing, with a road map to 30 logical qubits by year-end and 100 by 2028, and notes revenues of about $29 million in 2024 and $50 million booked in 2025 to fund R&D and growth. He stresses focusing on long‑term shareholder value over daily stock moves, plans disciplined R&D investment (not a material burn rate increase), and envisions bolt‑on tech acquisitions only if they accelerate the roadmap. Infleqtion is the first quantum company to go public this year, with peers Xanadu and Quantinuum expected to follow, and management remains focused on commercialization rather than chasing a quick market multiple.

NSF Funds $100M Quantum Network as Infleqtion SPAC Nears Close and 500-Qubit Milestone Emerges
technology8 days ago

NSF Funds $100M Quantum Network as Infleqtion SPAC Nears Close and 500-Qubit Milestone Emerges

NSF launches a $100 million National Quantum and Nanotechnology Infrastructure program to fund up to 16 open-access sites over five years to give researchers and startups access to chip fabrication, testing, and training tools; Delta Gold Technologies signs a multi‑year, up‑to‑$2.99 million gold‑based quantum IP deal with Penn State; Xanadu Quantum Technologies releases a method to cut quantum‑chemistry resource needs by more than an order of magnitude; Oxford Quantum Circuits demonstrates wafer‑scale packaging for 500+ qubits with strong fidelity, signaling progress toward larger machines; Infleqtion’s SPAC merger with Churchill Capital X secures over $550 million in gross proceeds, setting Infleqtion up to list on the NYSE as INFQ.