Infleqtion Secures $550M+ in Proceeds, Begins Trading on NYSE as INFQ. The First Pure-Play Neutral Atom Company
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Infleqtion has secured over $550 million in gross proceeds and began trading on the New York Stock Exchange today, Feb 17 2026. The company, a global leader in neutral atom quantum technology, received funding through support from Churchill X’s shareholders and a common stock PIPE investment exceeding $125 million. “Infleqtion was founded on a simple conviction: neutral atoms are the best path for commercializing quantum technology because they are scalable and economical,” said Matthew Kinsella, Chief Executive Officer of Infleqtion. This influx of capital will accelerate the development and deployment of Infleqtion’s quantum solutions, already utilized by organizations including NASA, the U.S. Department of War, and the U.K. government, across sectors like aerospace, defense, and critical infrastructure. $550 Million Funding Secured via Churchill X and PIPE Investment Securing over $550 million in gross proceeds, Infleqtion’s financial backing included nearly 100% of the cash held in Churchill X’s trust account, alongside an additional $125 million raised through a common stock PIPE investment from both existing and new institutional investors. This substantial capital injection positions the company to rapidly scale its neutral atom quantum technology, a field it believes offers the most viable path to commercialization due to its scalability and cost-effectiveness. The company’s vertically integrated approach, encompassing both hardware and software, is already yielding results with deployments across critical sectors. Infleqtion’s quantum systems are currently utilized by the U.S. Department of War, NASA, and the U.K. government, and are integrated into collaborative projects with NVIDIA. Kinsella added, “As a public company we can accelerate our technology roadmap and expand deployments in areas such as aerospace, defense and critical infrastructure, bringing practical quantum solutions to market at increasing speed and scale.” Neutral Atom Systems Drive Quantum Computing & Sensing Portfolio Infleqtion is currently deploying a diverse range of quantum systems, including quantum computers, quantum optical clocks, RF receivers, and inertial sensors, designed for practical application rather than purely experimental setups. These aren’t theoretical devices; they are actively utilized by organizations like the U.S. Department of War, NASA, and the U.K. government, demonstrating a shift toward real-world quantum integration. A recent $20 million contracted mission with NASA will see the launch of the “world’s first quantum gravity sensor to space,” highlighting ambitions beyond terrestrial applications. The company’s foundational belief centers on neutral atoms as the optimal architecture for commercial quantum technology, due to their scalability and cost-effectiveness. This conviction is driving projects like a $6.2 million ARPA‑E ENCODE program contract, focused on applying quantum computing to optimize energy grid performance, and a $2 million U.S. Army contract to enhance resilient navigation systems. Infleqtion was founded on a simple conviction: neutral atoms are the best path for commercializing quantum technology because they are scalable and economical.Matthew Kinsella, Chief Executive Officer of Infleqtion Infleqtion is pushing the boundaries of quantum sensing with a recently announced collaboration with NASA, backed by over $20 million in contracted mission funding, to launch the world’s first quantum gravity sensor into space. Department of War, NASA, and the U.K. government. The company is also forging a strategic partnership with Voyager Technologies, Inc., aiming to advance dual-use quantum technology in low-Earth orbit and beyond, demonstrating a commitment to space-based applications. Beyond space exploration, Infleqtion is addressing terrestrial challenges, securing a $2 million contract from the U.S. Army to bolster resilient navigation and timing data, crucial in contested environments. Source: https://infleqtion.com/infleqtion-becomes-first-neutral-atom-quantum-company-to-go-public/ Tags: Quantum News There is so much happening right now in the field of technology, whether AI or the march of robots. Adrian is an expert on how technology can be transformative, especially frontier technologies. But Quantum occupies a special space. Quite literally a special space. A Hilbert space infact, haha! Here I try to provide some of the news that is considered breaking news in the Quantum Computing and Quantum tech space. Latest Posts by Quantum News: PsiQuantum Launches Open-Access “Circuit Designer” Tool for Quantum Algorithm Development February 17, 2026 QED-C’s Flagship Event to Drive Global Quantum Ecosystem Coordination February 17, 2026 Quantum Dice’s 2026 Research Explores P-Bits for Enhanced Spin Glass Optimization February 17, 2026