Infleqtion has demonstrated significant growth, with $29 million in revenue over the past twelve months and a pipeline exceeding $300 million, indicating strong market potential and expected to reach $50 million in booked business by the end of 2025.

The company's product portfolio includes quantum computers, clocks, RF receivers, and inertial sensors, already used by NVIDIA, NASA, the U.S. Department of Defense, and the U.K. government.

Infleqtion has achieved technological milestones such as reaching 1,600 qubits, high entangling fidelity, and demonstrating applications with logical qubits, positioning it as a leader toward quantum advantage.

The merger is a strategic move to fast-track Infleqtion’s growth and market entry, providing capital to develop its quantum sensors and processors amid expanding commercial opportunities.

Quantum technology startup Infleqtion is set to go public through a $1.8 billion merger with Churchill Capital Corp X, which will provide over $540 million in funding to accelerate its growth in quantum computing and precision sensing.

This deal includes investments from notable firms like Morgan Stanley’s Counterpoint Global, Maverick Capital, and Glynn Capital, with all existing shareholders retaining their shares during a lock-up period.

The move highlights the increasing mainstream momentum of quantum technology, driven by global government investments in research for national security and economic leadership, fueling a race to commercialize quantum breakthroughs.

Funds from the merger will be used to accelerate product development, expand applications in AI, national security, and space exploration, and strengthen the company's financial position.

The merger, approved by both companies' boards and expected to close later in 2025 or early 2026, will value Infleqtion at a pre-money valuation of $1.8 billion and list on a North American exchange under the ticker 'INFQ'.

The trend of quantum companies going public via SPAC mergers continues, with firms like IonQ, Rigetti, and D-Wave also making similar moves, reflecting growing investor interest.

Proceeds will be used to strengthen the company's financial position, invest in its quantum technology, and expand customer adoption, with a conference call scheduled for September 8, 2025.

Infleqtion’s CEO emphasizes the deal's motivation for a quicker listing process, aiming for completion later in 2025 or early 2026, contrasting with the longer traditional IPO timeline.