"Last night, the Wall Street Journal reported that the U.S. Commerce Department was in talks with "several" quantum computing companies over equity stakes in those firms in return for federal funding. Specifically, the Journal said D-Wave, IonQ, and Rigetti were in discussions with the federal government about the matter. The report stated that Quantum Computing Inc. and the privately held Atom Computing were "considering similar arrangements.""
"The exact terms of any such deal are unknown. However, the report states that minimum federal government funding awards would be for $10 million each. It is unknown how much equity the U.S. government would want in exchange for funding, though the level of equity and the amount of funding will likely be correlated. The funding would come from the Chips Research and Development Office, which is overseen by Commerce Secretary Howard Lutnick."
"Yesterday, all four quantum firms saw their stock prices fall significantly along with a broader market selloff-mostly related to fears about a growing trade war with China and disappointing tech earnings. But today, shares of the Quantum Four are up on the rumors that the Trump administration is interested in taking an equity stake in quantum computing firms. Here's what you need to know."
Stock prices of publicly traded U.S. quantum computing firms D-Wave, IonQ, Quantum Computing Inc., and Rigetti fell amid a broader market selloff but rose on reports of federal interest in taking equity stakes. The U.S. Commerce Department reportedly held talks with several quantum companies about equity in exchange for federal funding, with minimum awards reportedly set at $10 million each. D-Wave, IonQ, and Rigetti were named as participants; Quantum Computing Inc. and Atom Computing reportedly considered similar arrangements. Exact deal terms and equity percentages remain unknown. Funding would come from the Chips Research and Development Office overseen by Commerce Secretary Howard Lutnick.
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