BlackRock (BLK) is signaling growing interest in quantum computing with a new investment in IQM Quantum Computers. The firm has put about $57.6 million into the Finnish company through its managed funds and accounts.
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The timing is important. IQM is preparing for a dual listing in the U.S. and Helsinki through a merger with Real Asset Acquisition Corp (RAAQ). The deal values the company at around $1.8 billion and shows rising confidence that quantum technology could play a bigger role alongside AI.
Why BlackRock Is Backing Quantum
Tony Kim, who leads BlackRock’s global technology team, explained the idea behind the move. He said AI works with data, while quantum computing is based on physics. In simple terms, the two technologies solve problems in different ways but can work well together.
When combined, quantum systems can handle complex calculations and create new types of data, which AI can then use to improve results. Over time, this could expand what current systems are able to do.
For IQM, the funding will support growth and help speed up the development of its quantum chips.
IQM Shows Early Growth Ahead of Planned Listing
Unlike many startups in this space, IQM is already generating strong commercial interest:
- Revenue Growth: The company roughly doubled its sales to $35 million last year.
- Bookings: By the end of 2025, IQM reported more than $100 million in bookings and visibility.
- June Listing: The merger with RAAQ is expected to close around June 2026, which would make IQM the first major European quantum company to list in the U.S.
Overall, the deal shows that interest in quantum computing is building, even though the technology is still developing.
Is BlackRock a Good Stock to Buy?
According to data from 10 Wall Street analysts over the past three months, BLK stock carries a Strong Buy consensus rating based on nine Buys and one Hold rating. The average 12-month BLK price target stands at $1,350.30, implying a potential upside of 44.59% from the current price.
