Xanadu, a Quantum Computing Company, Set to Go Public on Nasdaq Through $3.6 Billion SPAC Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Should l Buy GOOG?
Source: TipRanks
Xanadu Goes Public: Canadian quantum computing firm Xanadu is set to go public on the Nasdaq through a $3.6 billion SPAC merger with Crane Harbor Acquisition Corp., which has seen its stock rise 16% following the announcement.
Financial Expectations: The merger is expected to generate nearly $500 million for Xanadu, including a $275 million private investment in public equity, highlighting the growing interest in the quantum computing sector.
Market Trends: Other quantum computing companies like Rigetti Computing and IONQ have also experienced significant stock price increases this year, reflecting investor enthusiasm for the commercialization of quantum technology.
Industry Attention: Major tech companies, including IBM and Alphabet, along with financial institutions like JPMorgan Chase, are increasingly focusing on quantum computing, which promises to outperform traditional computing methods significantly.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 294.900
Low
255.00
Averages
336.08
High
400.00
Current: 294.900
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
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.
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