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Infleqtion announced plans for a business combination with Churchill Capital Corp X to become the first publicly listed neutral-atom quantum technology company. The deal is expected to generate over $540 million in gross proceeds, subject to shareholder approvals and no redemptions.

The financing includes over $125 million from institutional investors. The funds will help advance Infleqtion's technology roadmap across AI, national security, and space. Key advancements include achieving 12 logical qubits with error correction, expanding collaboration with NVIDIA for GPU-accelerated AI systems, and developing a quantum optical clock for underwater navigation with the Royal Navy.

Infleqtion is also involved in the U.S. Army's