May. 22 at 8:44 PM
Infleqtion shares rose after the Trump administration unveiled a
$2B federal investment program targeting nine U.S. quantum computing firms, including Infleqtion, which also signed a
$100M Letter of Intent with the Commerce Department’s CHIPS R&D office tied to milestone-based payments and potential discounted equity issuance.
The move added to recent momentum after Infleqtion reported Q1 2026 revenue of
$9.5M (+14% YoY) and raised its 2026 revenue outlook to at least $ 40M. The company highlighted growing commercial traction in quantum systems, supported by
$569M in cash and no debt, plus participation in NASA JPL’s Quantum Gravity Gradiometer Pathfinder mission.
The broader quantum sector also rallied after the U.S. announced grants of
$100M each for Rigetti Computing, D-Wave Quantum, and Infleqtion as part of the wider
$2B initiative.
$RGTI $QBTS $MSFT $GOOGL