IonQ will be coming public via SPAC, through a merger with dMY Technology Group Inc. This will now be the world’s first publicly-traded quantum computing company.
https://www.forbes.com/sites/moneyshow/2021/05/05/quantum-computing-is-ionq-worth-the-leap/
At first glance, this looks like a massive bubble might be forming. The combined entity is expected to have a valuation of $2 billion. However, IonQ won’t have a commercially available quantum computer ready until 2023 and is still doing just $1 million in total revenue. That means the company is coming public at a nosebleed multiple of 2,000 times sales.
From a business perspective, we will need to see the creation of a flywheel over time (acquisition of software, security services, developer portals etc.) to continue to attract talent and provide top notch customer service, just like Amazon has with AWS.
https://investorshub.advfn.com/Quantum-Materials-Corporation-QTMM-15185/
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