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IonQ Launches Slovakia’s First Quantum-Secure Network as Valuation Debate Grows

The EuroQCI-linked rollout underscores commercial momentum despite persistent concerns over dilution, losses, valuation.

Overview

  • IonQ and the Slovak Academy of Sciences deployed the skQCI network on Dec. 8, integrating quantum key distribution with post-quantum cryptography and connecting to Europe’s EuroQCI effort.
  • IonQ announced on Dec. 1 an investment partnership with CCRM to apply hybrid quantum and quantum-AI workflows to next-generation therapeutic development.
  • The company reported a 222% year-over-year revenue increase in its most recent quarter, outpacing expectations as it expands commercial engagements.
  • Analysts highlight heavy cash burn, share issuance, and roughly $2.5 billion in acquisition spending, with some articles predicting a potential stock correction in 2026.
  • IonQ emphasizes its trapped‑ion systems and access through AWS, Microsoft Azure, and Google Cloud, while marketing its fifth‑generation AQ64 Tempo for higher speed and accuracy.