Quantum computing startup IonQ rumored to be close to $2bn SPAC merger
IonQ is reportedly in advanced talks to merge with a blank-check company, creating one of the first public quantum-computing firms.Bloomberg reports that the quantum startup and special purpose acquisition company dMY Technology Group Inc. III are close to announcing a deal worth an estimated $2 billion. Existing IonQ investors are expected to roll their equity into the transaction.Silver Lake, MSD Partners, Bill Gates' Breakthrough Energy, and an affiliate of Hyundai Motor are all reportedly involved in talks.FEATURE: The extreme cooling requirements of Quantum computersIonQ outside dMY’s consumer comfort zoneSPACs are ‘blank check’ shell companies that list on a stock exchange and then acquire or merge with an operating private company. This route to the stock market is often quicker and involves fewer steps than a traditional IPO.Until...
