Newsroom
D-Wave and AT&T: Nothing New to See, Where Is the Revenue Growth?
D-Wave re-surfaced an existing AT&T pilot, attached no contract value and no timeline, and released it the same day it switched stock…
IBM Signs Deal to Acquire HRL Laboratories, the Boeing/GM-Owned Research Lab Behind its Silicon Spin-Qubit Bet
IBM signed a definitive agreement to acquire HRL Laboratories, a private R&D lab jointly owned by Boeing and General Motors, to add silicon-spin-qubit engineering, quantum sensing, and materials research to…
IBM has staked its whole roadmap on superconducting qubits; buying spin-qubit expertise is a hedge, or an admission that a second modality might scale faster than superconducting alone. This is…
No price tag disclosed on a deal involving two blue-chip corporate sellers (Boeing, GM) is notable in itself. The real question is whether HRL's silicon spin-qubit IP actually accelerates the…
IBM Newsroom, "IBM to Acquire HRL Laboratories to Power the Future of Quantum," July 23, 2026. https://newsroom.ibm.com/2026-07-23-ibm-to-acquire-hrl-laboratories-to-power-the-future-of-quantum
PsiQuantum Signs $125 Million DARPA Deal, Its Largest U.S. Government Award to Date
PsiQuantum signed an expanded $125 million agreement with DARPA under the Quantum Benchmarking Initiative (QBI), where it remains one of only two companies in the program's final Stage C validation…
As a private company, government validation contracts are one of the only external, dollar-denominated signals of PsiQuantum's technical credibility. $125 million dwarfs the prior $31.8 million award, meaning DARPA is…
"Performance-based" is the key phrase, this isn't free money, it's funding tied to DARPA validating specific technical milestones. CEO Victor Peng put a public number on the table too: first…
PsiQuantum Newsroom, "PsiQuantum Signs $125 Million Agreement with DARPA," July 22, 2026. https://www.psiquantum.com/news-import/psiquantum-signs-125-million-agreement-with-darpa
Quantinuum and SoftBank Publish Joint White Paper Arguing Quantum Computing Can Create Value Before Fault Tolerance Arrives
Quantinuum and SoftBank published "Quantum Computing Frontiers," mapping two of SoftBank's active use cases on Quantinuum hardware, quantum chemistry for materials/energy research and topological data analysis for telecom fraud detection,…
This builds on last year's Quantinuum-SoftBank partnership and is the kind of "proof of readiness" content a newly public company (Quantinuum IPO'd in June) needs to keep in front of…
The paper itself says, in writing, not to treat it as a forecast. That disclaimer is doing a lot of work marketing a growth narrative while dodging accountability for it.…
"Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era," PR Newswire, July 21-22, 2026
German Startup SaxonQ Launches 128-qubit and 512-qubit Diamond Quantum Computers That Skip Cryogenics Entirely
SaxonQ, a Leipzig University spinout, announced commercial availability of its SXQ128 and SXQ512 diamond nitrogen-vacancy quantum computers, which it says are the first NV-center systems to exceed 10 physical qubits.…
Every hardware maker with real investor attention right now, IBM, D-Wave, Rigetti, IonQ, Quantinuum, depends on cryogenics or vacuum systems as a real cost and infrastructure moat. A diamond NV-center…
Named deployed customers make this more credible than most triple-digit qubit claims. But no gate fidelity, coherence time, or connectivity figures were disclosed, so "512 qubits" here is not comparable…
HPCwire, "SAXON Q Brings Room-Temperature Diamond Quantum Computing to Commercial Market," July 21, 2026
IQM and Deutsche Bahn Run A Real 190-trip Rail Scheduling Problem on IQM Quantum Hardware
IQM Quantum Computers (Nasdaq: IQMX) and Deutsche Bahn published results of a hybrid quantum-classical algorithm applied to real operational data, 190 trips across five German cities, roughly 98,500 possible scheduling…
This is IQM (now publicly traded on Nasdaq) demonstrating a named enterprise customer running its own real data on IQM's own hardware, not a synthetic benchmark. That's a meaningfully higher…
The result is "produced feasible solutions," not "beat classical methods." No performance comparison against Deutsche Bahn's existing classical scheduling tools was disclosed. Useful proof of integration, not yet proof of…
"IQM and Deutsche Bahn Demonstrate Quantum Algorithm for Railway Scheduling on Real Operational Data," Business Wire, July 19-20, 2026
PsiQuantum locks in Victor Peng as permanent CEO and hires two outside executives as it scales past the startup phase
PsiQuantum named Victor Peng permanent CEO, five months after his interim appointment, and simultaneously hired Rob Soderbery (formerly EVP at Western Digital, senior roles at Cisco) as Executive VP and…
PsiQuantum is privately held, so leadership hires are one of the few real-time signals investors get on execution capacity. Hiring a semiconductor/storage operations exec and pointing him at "AI networking…
Bringing in operators from Western Digital, Cisco, and Synopsys, not quantum physicists, at this stage says PsiQuantum's constraint right now is manufacturing and IT scale-up, not more research talent. That's…
PsiQuantum Newsroom, "PsiQuantum Strengthens Executive Leadership with New Appointments," July 16, 2026
Pasqal Hires an HPE Veteran to Run Sales Across Europe and Asia as it Pushes Commercial Deployment
Pasqal appointed Mark Armstrong, former EMEA VP for HPE's High Performance Computing and AI business, as Chief Commercial Officer for EMEA and APAC. The company says it has seven neutral-atom…
Poaching enterprise HPC sales leadership, rather than another physicist, signals Pasqal thinks its technical risk is now secondary to the harder problem of enterprise sales cycles.
A commercial hire is only as good as the pipeline behind it. Seven systems across four countries is a real number worth tracking quarter over quarter, the appointment itself tells…
Pasqal, "Pasqal Appoints Hewlett Packard Enterprise's Former High Performance Computing & AI Leader as Chief Commercial Officer to Drive Quantum Deployment at Enterprise Scale," GlobeNewswire, July 15, 2026
Quantinuum and Academic Partners Claim First Universal Topological Gate Set, A Potential Shortcut Around Costly Error Correction
Quantinuum, with Harvard, Caltech, and University of Chicago researchers, published in Nature a demonstration of a "universal" topological gate set using non-Abelian anyons on its 54-qubit H2 trapped-ion processor. The…
If this approach scales, it's a genuinely different path to fault tolerance than the one IBM, Google, and most others are pursuing, potentially a meaningful technical differentiator for a company…
Real, peer-reviewed physics on real hardware, that's more credible than a press release claim. But "first universal gate set" on 54 qubits is a proof of concept, not a manufacturing…
Ren et al., "Universal gates from braiding and fusing anyons on quantum hardware," Nature, published July 15, 2026 (peer-reviewed) Quantinuum Blog, "A New State in Quantum Computing"
Quantinuum signs multi-year deal with Rolls-Royce to move jet engine simulations off classical emulators and onto real quantum hardware
Quantinuum, Rolls-Royce, Riverlane, and the University of Edinburgh's EPCC announced a multi-year collaboration to run computational fluid dynamics workloads for gas turbine design on Quantinuum's 98-qubit Helios system. The four…
This is an "exploratory" agreement, not a paid commercial engagement, coming weeks after Quantinuum's IPO closed at a $14B valuation on essentially no revenue. Deals like this pad the pipeline…
Read the language carefully. This is early algorithmic co-development, not a production use case, and there's no dollar figure attached because there isn't one to attach yet. Useful for the…
Quantinuum Newsroom, "Quantinuum, Rolls-Royce, Riverlane and University of Edinburgh Sign Agreement to Explore Quantum Computing for Industrial Design and Simulation," July 14, 2026
Editorial
IonQ / SkyWater Deal Could Be in Danger
IonQ's plan to build quantum computers at scale depends on a manufacturing facility it hasn't closed on yet, and federal regulators are…
FTC Is Reviewing IonQ's $1.8B SkyWater Deal, and the Stock Payment to SkyWater Shareholders Is Already Worth Less
The FTC sent both IonQ and SkyWater a formal information request on April 24, extending the regulatory review and putting the planned Q2/Q3 2026 close at risk. The deal pays…
SkyWater is not just an acquisition target, it is the entire manufacturing plan. IonQ needs SkyWater's semiconductor fabrication facility to build its next-generation chip-based quantum systems in-house rather than depending…
SkyWater shareholders are being asked to wait on a government review while the stock component of what they are owed gets smaller every month, that is not a routine regulatory…
IonQ/SkyWater deal announcement, $1.8B value, January 26, 2026: https://www.sec.gov/Archives/edgar/data/1819974/000119312526021614/d20158d425.htm IonQ stock down 26.1% in June 2026: https://www.fool.com/investing/2026/07/03/why-ionq-stock-plummeted-261-in-june/ Merger agreement dated January 25, 2026 (proxy summary): https://www.stocktitan.net/sec-filings/IONQ/8-k-ion-q-inc-reports-material-event-95659c3f0160.html
Editorial
Microsoft's Majorana Might Not Exist... but it Cleared Peer Review?
Outside physicists disputed the results the same day Microsoft announced them. The company's 2029 target depends on a foundational claim that independent…
Quantinuum Raises $1.68B at $60 a Share on $30.9M in Annual Revenue
Quantinuum priced 28 million Class A shares at $60 on June 4, raising $1.68 billion on a 20x oversubscribed book, opening at $68 and closing flat on day one. The…
This is the first major pure-play trapped-ion company to go public since IonQ, and the valuation it commands over the next 90 days will function as a real-time benchmark for…
Quantinuum Form S-1, Initial Filing -- SEC EDGAR, May 9, 2026 Quantinuum Form S-1/A, Amendment No. 2 (final pricing) -- SEC EDGAR, June 1, 2026 Quantinuum closes flat in Nasdaq…
Editorial
D-Wave Touts a Recycled Relationship to Show a $1.57 Million Yale Grant
D-Wave is celebrating $1.57 million in NSF funding tied to its Quantum Circuits subsidiary, but that Yale partnership predates the acquisition by…
D-Wave's $1.57M NSF Grant Is a QCI Hand-Me-Down, Not a New Relationship
D-Wave will receive $1,566,250 of a larger $4 million NSF grant to Yale-led ERASE, a fault-tolerant quantum computing project. The grant flows through D-Wave's Quantum Circuits, LLC subsidiary, but ERASE…
This isn't a new government endorsement of D-Wave, it's a pre-existing Yale relationship that came bundled with the QCI acquisition, and D-Wave's annealing business has nothing to do with it.…
D-Wave is taking credit for a Yale partnership it bought, not built, and the press release's "deepens D-Wave's relationship with Yale" framing erases that QCI had this relationship before D-Wave…
Sources D-Wave to Receive $1.5 Million Grant Through NSF Project to Strengthen U.S. Quantum Computing Leadership — BusinessWire, June 30, 2026 - https://www.businesswire.com/news/home/20260630098255/en/D-Wave-to-Receive-$1.5-Million-Grant-Through-NSF-Project-to-Strengthen-U.S.-Quantum-Computing-Leadership A new vision for quantum computing takes…
Editorial
Trump Signed Two Quantum EOs on June 22, But They Are Not the Same Thing
Trump Signed Two Quantum Orders. Wall Street Treated Them as One.
Trump Signs Two Quantum Executive Orders: DOE Quantum Computer by 2028, Federal PQC Migration by 2030
President Trump signed two executive orders on June 22. The first directs the Department of Energy to deploy a large-scale quantum computer by 2028 under a new program called QC-ADDS.…
The 2030 PQC migration mandate creates a time-bound government procurement cycle for post-quantum cryptography products, a direct commercial catalyst for any company with QKD, PQC, or cryptographic offerings. The QC-ADDS…
The encryption order matters now and benefits cybersecurity companies, the quantum computer order is a directive to make a plan, and the names that actually matter will not appear until…
EO 14413 full text (White House): https://www.whitehouse.gov/presidential-actions/2026/06/ushering-in-the-next-frontier-of-quantum-innovation/ EO 14412 full text (White House): https://www.whitehouse.gov/presidential-actions/2026/06/securing-the-nation-against-advanced-cryptographic-attacks/
Microsoft Claims 1,000x Reliability Gain on 12-Qubit Topological Chip, Independent Physicists Immediately Dispute the Results
Microsoft announced Majorana 2 on June 2, a 12-qubit topological quantum chip using a lead-based superconducting materials stack, claiming a mean qubit lifetime of 20 seconds and a 1,000-fold improvement…
If the topological approach actually works at scale, Microsoft could eventually put millions of qubits on a single chip, a manufacturing advantage no other approach can match. But that upside…
A 12-qubit result announced via preprint rather than peer review, from a company whose prior topological paper is still under journal investigation, is not a breakthrough until independent physicists can…
Science News — "Microsoft's quantum chip got an upgrade. Critics are still skeptical" (June 2, 2026): https://www.sciencenews.org/article/microsoft-quantum-chip-upgrade-majorana Scientific American — "Microsoft's upgraded Majorana quantum computing chip fizzles with physicists" (June…