Infleqtion to Go Public Through SPAC Merger with Churchill Capital Corp X, Valued at $1.8 Billion
Infleqtion has announced a SPAC merger with Churchill Capital Corp X, aiming to go public with a valuation of $1.8 billion, under the ticker INFQ. The merger, expected to close in Q1 2026, will provide Infleqtion with $540 million to enhance its market efforts and accelerate product development in quantum computing. CEO Matthew Kinsella emphasized the company's strategy of leveraging government contracts to reduce costs and expand into commercial markets.
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Infleqtion has filed its S-4 with Churchill Capital Corp X, initiating a SPAC merger to go public this quarter. The deal, expected to close in Q1 2026, will allow CCCX to trade under the ticker INFQ. Infleqtion, which utilizes neutral atom technology for quantum computing, aims to capture market interest with a pre-money valuation of $1.8 billion.
CEO Matthew Kinsella highlighted the company's strategy of leveraging government contracts to drive down costs and expand into commercial markets. Infleqtion's revenue for the last 12 months was approximately $29 million, predominantly from sensing products, with an increasing focus on computing technologies. The company plans to utilize the anticipated $540 million from the merger to enhance its go-to-market efforts, accelerate product development, and expand its research capabilities in quantum computing.
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