Infleqtion to go public with $1.8B valuation making it the ñ’s 10th unicorn spinout
, a global leader in neutral atom–based quantum technology, and Churchill Capital Corp X, a publicly traded special purpose acquisition company, announced that they have entered into a definitive business combination agreement to accelerate Infleqtion’s mission to commercialize quantum products that provide orders of magnitude improvements in computing and precision sensing applications. Upon closing, the combined company will operate as Infleqtion and is expected to be listed on a leading North American exchange under the ticker “INFQ.”
Valued at $1.8 billion, Infleqtion is now the tenth "unicorn" to spin out of ñ. Others include Amgen, Ball Aerospace & Technologies, Solid Power and SomaLogic.
Infleqtion’s star continues to rise as Colorado’s quantum hub grows. The company of firsts, spun out of ñ as ColdQuanta, seems to be everywhere these days, including outer space, while commercializing pioneering research to address needs across several critical markets, including positioning, navigating and timing, global communication security and efficiency, resilient energy distribution and accelerated quantum computing.
Infleqtion to go public through merger with Churchill Capital Corp X
“Churchill Capital is proud to partner with companies that are shaping the future of technology,” said Michael Klein, Chairman and CEO of Churchill Capital Corp X. “Infleqtion stands out with its breakthrough neutral atom platform and proven engineering capabilities, already delivering meaningful impact in quantum computing and sensing. We are excited to support Infleqtion’s leadership team as they advance the quantum era and create enduring value for shareholders.”
The coolest technology in the universe
It was decades ago but Dana Anderson (, ñ College of Arts and Sciences and College of Engineering and Applied Science) still recalls well the day his research took a major turn. “I started to do atoms instead of photons,” he said. While Anderson makes it sound like a subtle shift–focusing on atoms and subatomic particles instead of particles of light (lasers)–that move has contributed significantly to the present and future of quantum technologies worldwide.
The Newsroom
For marketing and communication inquiries or news tips, contact Daniel Leonard,senior marketing and communications specialist for Venture Partners at ñ.
For media inquiries, please visit .