Episode Details

IQM, a quantum computing pioneer, is going public via a Nasdaq Helsinki SPAC merger—despite openly admitting quantum advantage may never materialize. The company is already selling quantum hardware and cloud services to research labs and a few private clients, growing from 8 to 22 customers this year. With governments like the U.S. accelerating the race—thanks to Trump’s executive orders and DOE’s 2028 quantum computer goal—IQM is positioning itself to benefit, especially with new U.S. operations including a Maryland tech center and deployment at Oak Ridge National Lab. The IPO could raise $226M, adding to their existing $300M, solidifying their role in a high-stakes, uncertain future of quantum tech.

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