"The Quantum Opportunity is Unfolding": Infleqtion (INFQ) CEO Joins Market On Close
Infleqtion (INFQ) just debuted as a public company, but it has already made big moves and has acquired a number of notable clients, including the U.S. government. CEO Matthew Kinsella joined Market On Close to talk through their decision to come to market and what the company has to offer.
“Now is the time that the quantum opportunity is unfolding,” Kinsella says, with the money they raised from their debut heading into R&D and sales and marketing.
What distinguishes Infleqtion? The quantum computing firm says their founder, Dana Anderson, collaborated with a Nobel-prize winning team to develop the technology Infleqtion was built on: ultracold atom chips. From there, it moved into neutral-atom computing, which now underlies their offerings.
I’ve talked about quantum technology in this column before, and we’ve discussed how quantum computing requires extremely cold temperatures. The elaborate, beautiful, chandelier-like rigs you may have seen labeled as quantum computers are mostly built-in coolers.
A quick review: Quantum computing involves utilizing the quantum properties of subatomic particles. Loosely, imagine a sphere. The subatomic particle is somewhere in that sphere. But like Schrödinger’s box, we don’t know the physical location of that particle until we actively measure it. Until then, it acts as if it’s everywhere at once within that sphere, a phenomenon called superposition.
Utilizing superposition allows a quantum computing chip to run multiple calculations at the same time, speeding up complex puzzles. However, instead of a straight yes or no answer, quantum computing relies on calculating the probabilities of the outcomes. The likeliest outcome it determines is deemed most correct.
An ultracold atom chip is a chip that traps quantum particles within a field – be it magnetic, electric, or other. Once isolated from the rest of the universe, the chip cools these atoms, detects them, and even guides them. Precision is key in quantum computing, and cooling means the atoms move more slowly, allowing for better manipulation.
Neutral atoms, or atoms that don’t have an electrical charge, are the types of particles that Infleqtion uses within its computers. Infleqtion calls them “nature’s identical building blocks” that form a “stable, reliable foundation” for computing.
Infleqtion is now working towards commercialization. They’ve already seen their tech deployed on the International Space Station and installed in labs around the world: on its site, it lists Nvidia (NVDA), LG Electronics, JPMorgan Chase (JPM), ComEd, and even the U.S. Department of Energy as organizations leveraging their Sqale quantum computer. Part of Infleqtion’s appeal is that they have built “fault-tolerant” quantum computing that can error-correct itself to some degree.
It’s not just computers: Infleqtion also offers software, an atomic clock, and a quantum RF receiver. It aims to work in fields as diverse as finance, materials science, life sciences & drug discovery, space, national security, and more. Remember, though, that quantum computing works best for extremely complex problems – it simply can’t disrupt everyday life the way AI is trying to.
The solutions it unlocks, though, could, making it an essential behind-the-scenes technology. For example, its work with the Department of Energy is to optimize the energy grid, which is absolutely essential as infrastructure continues to age right as AI data centers demand extraordinary amounts of electricity.
In their SPAC press release, Infleqtion highlights several recent deals, including a collaboration with NASA to send the world’s first quantum gravity sensor to space, along with a U.S. Army contract worth $2M. Measuring gravity on the Earth’s surface, Kinsella says, can do everything from detecting polar ice cap melt to underground building to heavy materials being moved around the world.
It’s not all good news, though: quantum computing has the potential to completely disrupt cryptocurrencies, which rely on encryption that is too difficult for regular, linear computers to crack in a timely manner. However, quantum’s enormous number of calculations at once upends that structure, and thus the very promise of the sector. On breaking current crypto encryption technology, Kinsella notes “it’s a fundamental thing that classical computers can’t do, that is a type of problem that quantum computers will be able to do.” Though, he conceded, “they’re smart people, they’ll probably figure out a way around it.” I’ve discussed that before here.
Reviewing their financials, Infleqtion’s 3Q25 report shows total assets of $421.3 million with the business combination of Churchill Capital Corp X. It listed no revenue, but spent over $7 million on operations. Just like AI’s buildout, quantum computing companies are burning cash, but the resulting technologies are unlike anything we’ve ever seen before.
Watch the full interview below:
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