Quantum computing CEOs hope “validating” government backing proves their technology is no longer speculative
Summary
The US government awarded grants and equity stakes to quantum firms including Infleqtion, D-Wave, and Rigetti, triggering large stock gains. CEOs at Infleqtion and D-Wave call the backing a validation that their technology is no longer speculative and say the funding will accelerate R&D. Infleqtion already sells equipment and software to the Department of Defense and NASA, while D-Wave has partnerships to support missile defense planning. The program targets foundational advances—more and higher-quality qubits and error correction—rather than incremental product upgrades, and the government selected a narrow set of partners it believes can execute.
Funding
Amount
None
Total raised
Date
May 22, 2026
Announcement date
Investors
Rigetti Computing, U.S. Department of Defense
Lead investors
Company
infleqtion.com
Funded company
Classifications
industries
Aerospace
applications
Accounting and Taxes
AskAI Classifications
Labels
Quantum Computing
Cloud Software
SaaS
