"Quantinuum filed for a US initial public offering on Thursday that could value the company at more than 20 billion dollars. In the year ended 31 December 2025, Quantinuum reported revenue of 30.9 million dollars and a net loss of 192.6 million dollars. The company is asking public market investors to pay a premium of more than 600 times revenue for a quantum computer that does not yet exist in its final form. The computer it is building, a universal fault-tolerant machine called Apollo, is scheduled for 2029."
"The filing is significant not because of Quantinuum's current financials, which are modest by any standard, but because of what the IPO market's appetite for it will reveal about how investors price a technology that has been five to ten years away from commercial utility for the past twenty years. Quantinuum is backed by Honeywell, which owns 54 per cent of the company. JPMorgan and Morgan Stanley are leading the offering. The ticker will be QNT on the Nasdaq Global Select Market."
"Quantinuum was formed in 2021 from the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing. It builds quantum computers based on trapped-ion architecture, a technology in which individual atoms are suspended in electromagnetic fields and manipulated with lasers to perform calculations. The company claims the highest average two-qubit gate fidelity in the industry as of December 2025, a measure of how accurately the machine performs the basic operations of quantum computation."
"Its customers include BMW, Airbus, JPMorgan Chase, HSBC, Mitsui, and Thales. BMW expanded its multi-year partnership with Quantinuum in May 2026 to apply quantum computing to catalyst chemistry research for fuel cells. Airbu"
Quantinuum filed for a US initial public offering that could value the company at more than $20 billion. For the year ended December 31, 2025, it reported $30.9 million in revenue and a net loss of $192.6 million. The offering prices the company at a premium of more than 600 times revenue for a universal fault-tolerant quantum computer called Apollo that is scheduled for 2029. Quantinuum is backed by Honeywell, which owns 54% of the company, and JPMorgan and Morgan Stanley are leading the offering. The company builds trapped-ion quantum computers using electromagnetic fields and lasers, and it lists customers including BMW, Airbus, JPMorgan Chase, HSBC, Mitsui, and Thales.
Read at thenextweb.com
Unable to calculate read time
Collection
[
|
...
]