Is IonQ Worth The Leap?

1620504613 0x0
Futuristc CPU processor and machine learning concept. 3D illustration getty Quantum computing is in its infancy; but with its long-term promise, this remains one of the most exciting potential investment markets of tomorrow. Two of today’s sharpest market observers – Matthew Castel of the Toronto-based Logos LP and Simon Erickson, founder and CEO of 7investing – look at the risk and reward of IonQ, soon to be the first NYSE-listed pure play in this emerging field. What was particularly exciting about this year's March technology selloff was the opportunity to evaluate smaller capitalization stocks set to benefit from significant structural changes in the economy trading at more reasonable prices. One such stock we purchased in the quarter is dmy Technology III (DMYI). This is a SPAC launched by dmy Technology Group Inc....

Is Quantum Computing Startup IonQ a Buy Ahead of Its SPAC Merger?

data analytics scaled
Special purpose acquisition company (SPAC) dMY Technology Group III (NYSE:DMYI) recently announced that it will be merging with quantum computing start-up IonQ. A number of quantum computing deals and developments have been revealed over the last couple of years that indicate that this futuristic tech could be nearing broader-based commercialization. IonQ is one of the few pure-plays in a space dominated by technology giants. It's an interesting company to keep an eye on at the very least, but investors should stay patient ahead of its public debut. Is a revolution in computing brewing? Traditional computers store and manipulate bits of data in a binary state, recording it in strings of 1s and 0s. Quantum computing introduces quantum mechanics into the equation. At the atomic and subatomic level, particles can simultaneously exist in more than one...

Airbus Ventures Commends Quantum Computing Leader, IonQ, Inc., on Upcoming Public Debut

IonQ system enclosure 2021 credit Erin Scott
MENLO PARK, Calif.--(BUSINESS WIRE)--Airbus Ventures congratulates IonQ, Inc. on its prospective milestone merger with dMY Technology Group, Inc. III. With this merger, IonQ will become the world’s first publicly traded pure-play hardware and software company in the quantum computing space. “This merger accelerates IonQ’s clearly defined and scalable roadmap,” said Peter Chapman, CEO & President of IonQ. “Airbus Ventures, a key IonQ investor, has been a guiding force in the exploration of quantum’s cross-industrial benefits. One of those industries is aerospace, in which quantum may help improve aircraft design, identify new manufacturing materials, or optimize flight traffic. We are excited about the possibilities.” Based on 25 years of pioneering research, IonQ’s unique trapped-ion approach combines superior computing...

IonQ Takes Quantum Computing Public With A $2 Billion Deal

1622323766 0x0
IonQ IonQ IonQ has shattered the glass ceiling that previously separated pure-play quantum computer companies from public listed offerings. There were rumors last year that IonQ was considering an IPO. But rather than raising capital with a conventional IPO, IonQ chose to go public by using a merger with dMY Technology Group III, a SPAC (special-purpose acquisition company). The deal will create a combined entity estimated to be worth about $2 billion. A few days after the announcement, Patrick Moorhead, president of Moor Insights & Strategy, and I had an interesting conversation with Peter Chapman, CEO and President of IonQ, and Niccolo de Masi, CEO of dMY. There are hundreds of articles explaining details about the transaction and its structure. Our focus here is primarily on IonQ’s cash injection and IonQ's plans for...

Quantum computing startup IonQ announces $2bn SPAC merger

IonQ Trapped.2e16d0ba.fill 1200x630
Quantum computing startup IonQ has announced a $2bn merger with a Special Purpose Acquisition Company (SPAC).The startup has entered into a merger agreement with dMY Technology Group, Inc. III, to become the first publicly traded quantum computing company.The combined company is expected to be valued at around $2 billion and IonQ shares will trade on the NYSE under “IONQ.”“This transaction advances IonQ’s mission, to solve critical problems that impact nearly every aspect of society,” said Peter Chapman, CEO & president of IonQ.“With our key strategic partners, such as Breakthrough Energy Ventures, Hyundai Motor Company, and Kia Corporation, we look forward to leveraging the power of quantum computing in the fight against climate change and to solve vexing problems from materials design to logistics that impact the transportation...

Quantum computing startup IonQ rumored to be close to $2bn SPAC merger

IonQ Trapped.2e16d0ba.fill 1200x630
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...

Quantum Computing Startup IonQ in Merger Talks With DMY SPAC

ionq quantum techcrunch disrupt 2020 getty
Gillian Tan (Bloomberg) -- IonQ is in advanced talks to merge with blank-check company DMY Technology Group Inc. III, according to people with knowledge of the matter, creating one of the first public quantum-computing firms. The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks, said one of the people, who asked not to be identified because the matter is private. Silver Lake, MSD Partners, Bill Gates’s Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a so-called strategic private investment in public equity, or PIPE. Related: Data Center Provider Cyxtera to Go Public Via $3.4B Starboard SPAC DealShares of the SPAC surged 15% at 10:24 a.m. in New York. DMY Technology is discussing raising additional equity from institutional investors, and new...

IonQ plans to launch a rack-mounted quantum computer for data centers in 2023 – TechCrunch

GettyImages 1169873499
Quantum computing startup IonQ today announced its road map for the next few years — following a similar move from IBM in September — and it’s quite ambitious, to say the least. At our Disrupt event earlier this year, IonQ CEO and president Peter Chapman suggested that we were only five years away from having desktop quantum computers. That’s not something you’ll likely hear from the company’s competitors — who also often use a very different kind of quantum technology — but IonQ now says that it will be able to sell modular, rack-mounted quantum computers for the data center in 2023 and that by 2025, its systems will be powerful enough to achieve broad quantum advantage across a wide variety of use cases. In an interview ahead of today’s announcement, Chapman showed me a prototype of the hardware the company is working on for...