Three Quantum Computing Companies Went Public in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2026
0mins
Source: Yahoo Finance
- Xanadu Quantum Technologies: Xanadu exited 2025 with $4.6 million in revenue, a 188% year-over-year increase, but faced an operating loss of $69.3 million; however, its IPO raised $302 million, providing essential capital for future growth.
- Infleqtion's Neutral Atom Technology: Infleqtion expects revenue to grow from $32.5 million in 2025 to $40 million in 2026, despite an operating loss of $35.3 million; its technology has been validated by Google Quantum AI, indicating strong market potential.
- Horizon Quantum's Software Strategy: Horizon focuses on quantum computing software and raised approximately $120 million through its IPO; although it reported no revenue in Q1 and an operating loss of $6.5 million, its Triple Alpha platform could position it as a market leader.
- Quantum Computing Market Outlook: As AI's demand for computational power increases, various approaches to quantum technology are being explored; while still in early stages, the IPOs of these companies inject new vitality and funding into the industry.
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About INFQ
Infleqtion, Inc. is engaged in quantum sensing and quantum computing by neutral-atom technology. The Company designs and builds quantum computers, precision sensors, and quantum software for governments, enterprises, and research institutions. Its commercial portfolio includes quantum computers as well as quantum Radio Frequency (QRF) systems, quantum clocks, and inertial navigation solutions. Its solutions include national security and resilience, space and frontier, energy and resource exploration, artificial intelligence (AI) and machine language (ML), life sciences and drug discovery, materials science and finance. Its Quantum computing is a fundamentally new computing paradigm that uses qubits of quantum mechanics to harness quantum superposition and entanglement for computational power. Contextual Machine Learning unlocks the full potential of AI with quantum. Tiqker Atomic Clock is a next-generation optical atomic clock for critical applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
INFQ Expands UK Operations and Joins Russell 3000 Index
- Business Expansion: INFQ is launching a new Quantum Innovation Center at Oxford Technology Park, which will triple its research, production, and systems integration capabilities in the UK, thereby enhancing its competitive edge in the European market and meeting the growing demand for quantum technologies.
- Funding Support: INFQ signed a Letter of Intent with the U.S. Department of Commerce to secure $100 million in federal incentives, which will provide robust financial backing for the company's R&D and market expansion efforts in the quantum technology sector.
- Market Recognition: INFQ's inclusion in the FTSE Russell 3000 Index ensures automatic membership in either the large-cap Russell 1000 or small-cap Russell 2000 indexes, which is expected to attract automatic buying from index funds and institutional investors, significantly enhancing stock liquidity and market visibility.
- Investor Sentiment: Retail sentiment on Stocktwits is rated as “extremely bullish” with very high message volumes, reflecting ongoing investor enthusiasm for the quantum computing sector, which has driven the stock up approximately 59% since its IPO.
See More
Infleqtion Board Member Sells 50,000 Shares Amid Stock Surge
- Transaction Overview: On May 28, 2026, Board member Kristina M. Johnson sold 50,000 shares of common stock, comprising 30,000 directly held and 20,000 indirectly held, for approximately $854,000, indicating a significant shift in her ownership structure in Infleqtion.
- Ownership Change: Post-transaction, Johnson's direct common stock holdings were reduced to zero, while her indirect holdings through Catalyzer Ventures, LP Fund I stand at 13,120 shares, reflecting that 79.21% of her total position in this class has been liquidated.
- Equity Structure Impact: This sale represents Johnson's only sell transaction, and while she retains 343,458 stock options, the complete divestment of her direct holdings may raise concerns among investors regarding her future selling capacity and commitment to the company.
- Market Reaction: Following the U.S. Department of Commerce's announcement of a $100 million funding award to Infleqtion, the stock price surged, prompting Johnson to seize the opportunity to sell shares and lock in gains, which may raise investor apprehensions about the company's future prospects, especially given the nascent state of quantum computing technology.
See More
Infleqtion Director Sells 50,000 Shares Amid Stock Surge
- Sale Overview: Infleqtion Director Kristina Johnson sold 50,000 shares on May 28, 2026, at an average price of approximately $17.07 per share, totaling around $854,000, representing a complete liquidation of her direct holdings, indicating a strategic market timing decision.
- Options Exercise and Indirect Holdings: The transaction included the exercise of 30,000 stock options, with an additional 20,000 shares sold from indirect holdings, leaving her with 13,120 shares through Catalyzer and 343,458 stock options, reflecting her substantial ongoing investment in Infleqtion.
- Market Reaction and Strategic Implications: Johnson's sale coincided with a stock price surge following the U.S. Department of Commerce's announcement of a $100 million funding award to Infleqtion, suggesting her concerns about future uncertainties despite the company's significant potential in quantum technology.
- Investor Caution: While Johnson's sale occurred amidst positive market news, analysts have noted that Infleqtion is not among the top recommended stocks, urging investors to exercise caution given the nascent stage of the technology and the competitive landscape.
See More
U.S. Government Invests $2 Billion in Quantum Computing
- Large Investment Scale: The U.S. Department of Commerce announced a $2 billion investment across nine quantum computing companies under the CHIPS and Science Act, granting the government minority equity stakes in each, highlighting the importance of quantum technology and its potential in AI.
- Key Companies Funded: International Business Machines (IBM) will receive $1 billion to establish a new quantum foundry subsidiary called Anderon, while GlobalFoundries is raising $375 million to build a complementary foundry, enhancing the domestic manufacturing base for quantum chips.
- Multiple Companies Benefit: Other firms like D-Wave, Rigetti, and Infleqtion each received up to $100 million to address specific engineering variables and modalities, further advancing the research and development of quantum computing.
- Investor Focus: While IBM and GlobalFoundries are publicly traded, quantum computing represents a small part of their overall business, prompting investors to be selective and consider pure-play quantum companies like D-Wave and Rigetti, or indirectly invest through Honeywell and Nvidia for quantum exposure.
See More
Infleqtion Expands Quantum Operations in the UK
- Quantum Innovation Centre Launch: Infleqtion is set to open a new Quantum Innovation Centre in Oxford later this year, aimed at supporting the company's growth in the UK while attracting top physicists and engineers, thereby enhancing its competitive edge in the global quantum technology landscape.
- Quantum Computer Delivery: Infleqtion has delivered the UK's first operational 100-physical-qubit quantum computer to the National Quantum Computing Centre, becoming the only company to meet the government's 2025 target, which not only boosts the company's reputation but also lays a foundation for enhancing national quantum capabilities.
- Successful Naval Trials: The company successfully deployed its Tiqker™ optical atomic clock aboard the MOD's Excalibur autonomous submarine, marking the first quantum optical clock to operate underwater, showcasing the reliability and innovation of its technology, which is expected to further advance quantum navigation technology.
- Government Investment Support: With the UK government increasing investment in quantum technology through its National Quantum Strategy, Infleqtion's innovation centre will align with the government's ProQure procurement initiative, ensuring the company maintains a leading position in the future quantum technology market while promoting economic and societal benefits.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion as part of a $2 billion infusion into the quantum computing sector, aiming to accelerate the commercialization of quantum technologies, although these investments are still considered highly speculative.
- D-Wave Quantum Development: D-Wave Quantum focuses on quantum annealing technology and has begun selling its Advantage II systems to commercial clients, planning to use government funding to expedite the development of a 10,000-qubit gate-model system, aiming for breakthroughs in optimization problems to enhance its market competitiveness.
- Rigetti Computing Challenges: While Rigetti Computing's quantum systems are estimated to be 1,000 times faster than traditional technologies, the company has struggled with accuracy issues and has not yet reached Stage B of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative; government investment will be directed towards addressing its technical challenges in superconducting quantum computing.
- Infleqtion's Market Positioning: Infleqtion went public through a SPAC merger, focusing on quantum sensing and precision timing tools, securing U.S. and U.K. government clients, and plans to utilize government funding to continue developing its neutral-atom quantum systems, aiming for a two-gate fidelity of 99.9% in 2024.
See More
INFQ Expands UK Operations and Joins Russell 3000 Index
- Business Expansion: INFQ is launching a new Quantum Innovation Center at Oxford Technology Park, which will triple its research, production, and systems integration capabilities in the UK, thereby enhancing its competitive edge in the European market and meeting the growing demand for quantum technologies.
- Funding Support: INFQ signed a Letter of Intent with the U.S. Department of Commerce to secure $100 million in federal incentives, which will provide robust financial backing for the company's R&D and market expansion efforts in the quantum technology sector.
- Market Recognition: INFQ's inclusion in the FTSE Russell 3000 Index ensures automatic membership in either the large-cap Russell 1000 or small-cap Russell 2000 indexes, which is expected to attract automatic buying from index funds and institutional investors, significantly enhancing stock liquidity and market visibility.
- Investor Sentiment: Retail sentiment on Stocktwits is rated as “extremely bullish” with very high message volumes, reflecting ongoing investor enthusiasm for the quantum computing sector, which has driven the stock up approximately 59% since its IPO.
See More
Infleqtion Board Member Sells 50,000 Shares Amid Stock Surge
- Transaction Overview: On May 28, 2026, Board member Kristina M. Johnson sold 50,000 shares of common stock, comprising 30,000 directly held and 20,000 indirectly held, for approximately $854,000, indicating a significant shift in her ownership structure in Infleqtion.
- Ownership Change: Post-transaction, Johnson's direct common stock holdings were reduced to zero, while her indirect holdings through Catalyzer Ventures, LP Fund I stand at 13,120 shares, reflecting that 79.21% of her total position in this class has been liquidated.
- Equity Structure Impact: This sale represents Johnson's only sell transaction, and while she retains 343,458 stock options, the complete divestment of her direct holdings may raise concerns among investors regarding her future selling capacity and commitment to the company.
- Market Reaction: Following the U.S. Department of Commerce's announcement of a $100 million funding award to Infleqtion, the stock price surged, prompting Johnson to seize the opportunity to sell shares and lock in gains, which may raise investor apprehensions about the company's future prospects, especially given the nascent state of quantum computing technology.
See More
Infleqtion Director Sells 50,000 Shares Amid Stock Surge
- Sale Overview: Infleqtion Director Kristina Johnson sold 50,000 shares on May 28, 2026, at an average price of approximately $17.07 per share, totaling around $854,000, representing a complete liquidation of her direct holdings, indicating a strategic market timing decision.
- Options Exercise and Indirect Holdings: The transaction included the exercise of 30,000 stock options, with an additional 20,000 shares sold from indirect holdings, leaving her with 13,120 shares through Catalyzer and 343,458 stock options, reflecting her substantial ongoing investment in Infleqtion.
- Market Reaction and Strategic Implications: Johnson's sale coincided with a stock price surge following the U.S. Department of Commerce's announcement of a $100 million funding award to Infleqtion, suggesting her concerns about future uncertainties despite the company's significant potential in quantum technology.
- Investor Caution: While Johnson's sale occurred amidst positive market news, analysts have noted that Infleqtion is not among the top recommended stocks, urging investors to exercise caution given the nascent stage of the technology and the competitive landscape.
See More
U.S. Government Invests $2 Billion in Quantum Computing
- Large Investment Scale: The U.S. Department of Commerce announced a $2 billion investment across nine quantum computing companies under the CHIPS and Science Act, granting the government minority equity stakes in each, highlighting the importance of quantum technology and its potential in AI.
- Key Companies Funded: International Business Machines (IBM) will receive $1 billion to establish a new quantum foundry subsidiary called Anderon, while GlobalFoundries is raising $375 million to build a complementary foundry, enhancing the domestic manufacturing base for quantum chips.
- Multiple Companies Benefit: Other firms like D-Wave, Rigetti, and Infleqtion each received up to $100 million to address specific engineering variables and modalities, further advancing the research and development of quantum computing.
- Investor Focus: While IBM and GlobalFoundries are publicly traded, quantum computing represents a small part of their overall business, prompting investors to be selective and consider pure-play quantum companies like D-Wave and Rigetti, or indirectly invest through Honeywell and Nvidia for quantum exposure.
See More
Infleqtion Expands Quantum Operations in the UK
- Quantum Innovation Centre Launch: Infleqtion is set to open a new Quantum Innovation Centre in Oxford later this year, aimed at supporting the company's growth in the UK while attracting top physicists and engineers, thereby enhancing its competitive edge in the global quantum technology landscape.
- Quantum Computer Delivery: Infleqtion has delivered the UK's first operational 100-physical-qubit quantum computer to the National Quantum Computing Centre, becoming the only company to meet the government's 2025 target, which not only boosts the company's reputation but also lays a foundation for enhancing national quantum capabilities.
- Successful Naval Trials: The company successfully deployed its Tiqker™ optical atomic clock aboard the MOD's Excalibur autonomous submarine, marking the first quantum optical clock to operate underwater, showcasing the reliability and innovation of its technology, which is expected to further advance quantum navigation technology.
- Government Investment Support: With the UK government increasing investment in quantum technology through its National Quantum Strategy, Infleqtion's innovation centre will align with the government's ProQure procurement initiative, ensuring the company maintains a leading position in the future quantum technology market while promoting economic and societal benefits.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion as part of a $2 billion infusion into the quantum computing sector, aiming to accelerate the commercialization of quantum technologies, although these investments are still considered highly speculative.
- D-Wave Quantum Development: D-Wave Quantum focuses on quantum annealing technology and has begun selling its Advantage II systems to commercial clients, planning to use government funding to expedite the development of a 10,000-qubit gate-model system, aiming for breakthroughs in optimization problems to enhance its market competitiveness.
- Rigetti Computing Challenges: While Rigetti Computing's quantum systems are estimated to be 1,000 times faster than traditional technologies, the company has struggled with accuracy issues and has not yet reached Stage B of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative; government investment will be directed towards addressing its technical challenges in superconducting quantum computing.
- Infleqtion's Market Positioning: Infleqtion went public through a SPAC merger, focusing on quantum sensing and precision timing tools, securing U.S. and U.K. government clients, and plans to utilize government funding to continue developing its neutral-atom quantum systems, aiming for a two-gate fidelity of 99.9% in 2024.
See More
