Quantinuum – Honeywell’s Quantum play lists on Nasdaq
What happened: Quantinuum made its Nasdaq debut, reached a valuation of $17.63 billion. Why it matters: Quantinuum as we know it today, traces back to a merger of Honeywell’s...
What happened: Quantinuum made its Nasdaq debut, reached a valuation of $17.63 billion.
Why it matters: Quantinuum as we know it today, traces back to a merger of Honeywell’s quantum unit with Cambridge Quantum in 2021. Honeywell has 48.1% of voting power after the listing.
Industry context: The listing follows a $2 billion U.S. government plan to take stakes in nine quantum firms, with $100 million earmarked for Quantinuum. The company is fairly dependant on RIKEN for its revenues – contributing approx. 60% to its 2025 sales.
