IonQ's $131.5 million trading volume ranks 47th as it acquires Oxford Ionics for $1.08 billion

On June 10, 2025, IonQ's trading volume reached $131.5 million, ranking 47th in the day's stock market. IonQ (IONQ) fell by 0.80%.

IonQ has announced its acquisition of Oxford Ionics, a British quantum computing firm, for $1.08 billion. This strategic move aims to enhance IonQ's research capabilities in quantum computing, a technology that has garnered significant investor interest due to its potential for faster and more efficient computations. The acquisition will integrate Oxford Ionics' innovative ion-trap technology with IonQ's existing quantum computing stack, further solidifying IonQ's position in the quantum computing landscape.

The deal, which is expected to close this year, will see Oxford Ionics' founders, Chris Balance and Tom Harty, remain with IonQ. The transaction is structured as a cash-and-stock deal, with the number of shares to be issued by IonQ depending on its stock price over a 20-day period before the deal closes. The price per share is set to range between $30.22 and $50.37.

This acquisition is part of IonQ's broader strategy to expand through strategic deals, following the acquisition of Lightsynq, a Boston-based startup specializing in quantum memory. The move underscores IonQ's commitment to advancing quantum computing technology, which is seen as crucial for national security and various industries, including medical research and cybersecurity.