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Published on
September 8, 2025
5 min read
Infleqtion Fast-Tracks Quantum Products, Goes Public Via SPAC Deal
Quantum computing startup Infleqtion has announced plans to go public. According to Reuters, Infleqtion goes public via SPAC deal that values the quantum computing firm at $1.8 billion before the new investment. The deal is spearheaded by a special purpose acquisition (SPAC) firm, Churchill Capital Corp X, which is led by top Wall Street dealmaker Michael Klein.
Accelerating Quantum Products
The Infleqtion quantum firm SPAC deal is aimed at fast-tracking the commercialization of quantum products that attract orders requiring significant improvements in precision sensing and computing applications. Once the merger is finalized, the Churchill Capital Corp X will operate as Infleqtion. It is expected to list in a North American security exchange under the ticker ‘INFQ’.
“Churchill Capital is proud to partner with companies that are shaping the future of technology. Infleqtion stands out with its breakthrough neutral atom platform and proven engineering capabilities, already delivering meaningful impact in quantum computing and sensing. We are excited to support Infleqtion’s leadership team as they advance the quantum era and create enduring value for shareholders,” Churchill Capital Corp X Chairman and CEO Michael Klein said.
Infleqtion product portfolio includes quantum clocks, quantum computers, inertial sensors and RF receivers. These products are designed for real-world deployment and are optimized using the company’s proprietary software. Infleqtion systems are used by the U.S. Department of Defense, NVIDIA, NASA, and the British government.
According to Infleqtion CEO Mathew Kinsella, the two companies expect to finalize the deal late 2025 or early 2025.
Over Half a Billion Investment
Details of the Infleqtion SPAC deal show that the merger is expected to inject over $540 million into the quantum computing firm before costs. This amount includes co-investments from leading institutional investors like Counterpoint Global, Maverick Capital, and Glynn Capital.
“Quantum is a defining technology opportunity of the coming decade, and we see neutral atoms as the modality best positioned to succeed. Infleqtion is demonstrating how quantum can be applied to enhance AI today and deliver real performance gains across computing and sensing. That’s why we backed Infleqtion early and continue to invest behind them, because we believe in the vision, the technology, and the team,” Maverick Silicon Managing Director, Kenneth Safar said.
The quantum computing firm says the funds will enable it to expand applications in national security, AI, and space and accelerate product development. By June 30, 2025, the quantum computing firm had generated about $29 million in trailing revenue.
It also expects an estimated $50 million in business awards by the end of 2025. As of June 30, 2025, Churchill Capital Corp X had set aside an estimated $416 million for the deal. Infleqtion has also set aside over $125 million from institution investors.
Although quantum computing is still in its early phases, it is the future of AI. Infleqtion hits the $1.8 billion SPAC valuation at a time when the industry is becoming more competitive. Major tech companies like Microsoft, IBM, Google, and Honeywell have already invested heavily in the technology in a bid to spur innovations and breakthroughs. In June 2025, tech giant IBM unveiled a roadmap outlining its plan for developing an error-free quantum computer by 2029.
Infleqtion’s Growth Potential
The quantum computing startup has already sold hundreds of quantum sensors and three quantum computers. The company’s current client pipeline exceeds $300 million, an aspect that underscores its growth potential.
“We have reached a critical inflection point in our journey from R&D to commercialization, and this partnership is a testament to our team’s incredible work. As we move from successful pilots to full-scale production for our leading customers, this partnership with Churchill provides us with the additional capital and strategic expertise required to accelerate commercialization, expand our market leadership, and meet the rapidly growing demand for quantum solutions across AI, national security, and space,” Kinsella added.
Quantum computing companies like IonQ, D-Wave, and Rigetti Computing have used Infleqtion-like SPAC public listing strategy in recent years.
