Overview
- The company completed a $2 billion equity package comprising 16.5 million common shares at $93, roughly 5 million pre‑funded warrants at $93, and seven‑year warrants for about 43 million shares at a $155 strike.
- Shares fell about 6.6% to close near $72.41 as investors reacted to the immediate dilution and expanded share count detailed this week.
- Chairman and CEO Niccolo de Masi framed the raise as capital to accelerate quantum computing, networking, and sensing efforts, calling it the largest common‑stock single‑institutional investment in the quantum sector.
- Recent analysis highlights modest scale and steep losses, citing about $52 million in trailing 12‑month revenue, a deeply negative operating margin, and elevated price‑to‑sales metrics.
- IonQ’s trapped‑ion systems are available through AWS, Microsoft Azure, and Google Cloud, and industry forecasts such as McKinsey’s project significant long‑term market growth, with Q3 results expected in early November.