Churchill Capital Corp X (CCCX) surged 9.86% on strategic merger developments with Infleqtion.

Churchill Capital Corp X (CCCX) surged 9.86% in pre-market trading on Dec. 24, 2025, extending a rally driven by strategic developments in its pending merger with quantum computing firm Infleqtion. The stock had previously risen 13.5% on Dec. 23 following Infleqtion’s Bell Prize win for Dr. Mark Saffman’s breakthroughs in neutral-atom quantum computing, a critical milestone for the company’s fault-tolerant systems roadmap.

The merger, expected to value Infleqtion at $1.8 billion pre-money, has gained momentum with a $2 million U.S. Army contract for AI navigation technology and key executive hires, including CFO Ilan Hart and General Manager Karl Pendergast. These moves highlight Infleqtion’s push to commercialize quantum solutions such as quantum clocks and inertial navigation systems, bolstering investor confidence in Churchill X’s long-term growth potential.

Despite a 35.52% six-month rally and a negative P/E ratio, analysts remain cautious about quantum commercialization timelines. However, the Bell Prize—a prestigious award often seen as a precursor to the Nobel Prize in Physics—and recent institutional contracts signal growing credibility for the sector. Churchill X’s role as a public platform for Infleqtion’s expansion positions it as a focal point for quantum computing’s next phase, particularly in defense and space applications.

Investors are closely monitoring whether Churchill Capital X can maintain its upward trajectory amid increasing skepticism about quantum computing’s timeline for mainstream adoption. The company’s ability to secure additional defense contracts and demonstrate tangible progress in quantum hardware development will likely determine the stock’s volatility over the next few months.