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18h ago

Report of U.S. Equity Stakes in Quantum Firms Lifts Shares as Commerce Denies Talks

The Wall Street Journal says a Dabbar-led plan to swap roughly $10 million per company for ownership would extend the administration’s recent shift toward taking stakes in strategic technologies.

An employee works at the Rigetti Fab-1 integrated quantum device manufacturing facility in Fremont, California, U.S. April 28, 2021. Picture taken April 28, 2021. Rigettti/Handout via REUTERS
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Overview

  • WSJ reporting names IonQ, Rigetti and D‑Wave as in discussions, with Quantum Computing Inc. and privately held Atom Computing weighing similar arrangements.
  • A Commerce Department spokesperson told Reuters the agency is not currently negotiating with any of the companies, and no agreements or terms have been finalized.
  • Shares of IONQ, Rigetti, D‑Wave and Quantum Computing jumped roughly 12%–14% in premarket trading, and a quantum-focused ETF also gained.
  • Deputy Commerce Secretary Paul Dabbar, a former quantum‑computing executive, is reported to be leading the outreach to companies in the sector.
  • The prospective approach mirrors recent government equity moves involving Intel and MP Materials, even as quantum firms remain early‑stage and unprofitable and big tech players report advances of their own.