Quantum Computing Firm Infleqtion to Go Public in $1.8 Billion SPAC Deal

Quantum Computing Inc. is going public in a SPAC deal valuing the firm at $1.8 billion. The company provides accessible solutions with real-world industrial applications using nanophotonic-based quantum entropy. Its core technology is applicable to quantum computing, intelligence, cybersecurity, sensing, and imaging solutions. The Dirac series delivers solutions for binary and integer-based optimization problems, including applications in AI, cybersecurity, and remote sensing.

Quantum Computing Inc., a leading quantum optics and nanophotonic technology company, has agreed to go public through a merger with a special purpose acquisition company (SPAC) led by Michael Klein. The deal, valued at $1.8 billion, will accelerate Infleqtion's commercialization efforts and provide significant funding for its quantum computing and sensor technology.

The SPAC, Churchill Capital Corp. X, is Klein's tenth blank-check vehicle. The merger is expected to provide Infleqtion with over $540 million, including a co-investment from institutional investors such as Maverick Capital, Counterpoint Global, and Glynn Capital. This funding will be used to strengthen Infleqtion's balance sheet, accelerate investment in its quantum computer using neutral atom technology, and scale customer adoption [1].

Infleqtion's core technology, nanophotonic-based quantum entropy, operates at normal room temperatures and low power, making it accessible and environmentally friendly. Its applications span quantum computing, intelligence, cybersecurity, sensing, and imaging solutions. The Dirac series, Infleqtion's core entropy computing capability, delivers solutions for both binary and integer-based optimization problems, including applications in AI, cybersecurity, and remote sensing [2, 3].

The merger is expected to be completed later this year or early in 2026, offering a swift listing compared to the 18- to 24-month process via an IPO. This deal follows the successful de-SPAC deals by Klein, with mixed performance among the firms he has sponsored. Infleqtion chose Churchill SPACs due to their track record of delivering cash in trust to partner companies [1].

Infleqtion has sold three quantum computers and hundreds of quantum sensors, generating about $29 million in trailing 12-month revenue as of June 30, 2025. The company expects about $50 million of booked and awarded business by the end of 2025. Additionally, Infleqtion has secured $11 million from the US Defense Department to advance its quantum positioning systems [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-09-08/klein-backed-spac-quantum-firm-infleqtion-ink-1-8-billion-deal
[2] https://www.marketscreener.com/news/quantum-computing-firm-infleqtion-to-go-public-by-merging-with-blank-check-firm-ce7d59dedf88f727
[3] https://www.marketscreener.com/news/infleqtion-to-go-public-in-spac-deal-valuing-quantum-computing-firm-at-1-8-billion-ce7d59dedf8cf423