The Quantum Foundry

The Quantum Foundry

Infleqtion lands Awkward Series C $100 Million Round

A down round no doubt.

Michael Spencer's avatar
Michael Spencer
Jun 03, 2025
∙ Paid

In the past week Quantum stocks have gone parabolic beyond all sense or reason.

  • D-Wave is up 72% so far in 2025. QBTS 0.00%↑

  • IonQ is up volatile as all heck, somehow at a $10 Billion valuation.

  • Quantum stocks behaving like meme penny stocks is not reassuring.

None of which are founded on fundamentals. If you want to invest in Quantum: Honeywell, IBM, and Quantinuum when they go public make more sense to me.

Meanwhile formerly called ColdQuanta, Infleqtion got more funding.

User's avatar

Continue reading this post for free, courtesy of Michael Spencer.

Or purchase a paid subscription.
© 2026 Michael Spencer · Market data by Intrinio · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture