Louisville-based quantum computing company, Infleqtion, plans to go public through a $540 million deal with Churchill Capital Corp X. (CCCX) The companies filed paperwork with the U.S. Securities and Exchange Commission on January 6, 2026. Once the deal closes, the new company will be named Infleqtion, Inc. and trade under the ticker (INFQ).
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The deal is expected to bring in more than $125 million in new capital from investors. As a result, Infleqtion would become the first public company focused on neutral-atom quantum systems. This move gives public market investors direct access to a fast-growing part of the quantum space.
Quantum Progress with Real World Uses
Infleqtion works in both quantum computing and precision sensing, which helps spread risk across markets. On the computing side, the company recently reached 12 logical qubits with error control. This result beat its own 2026 target and supports a longer goal of 1,000 logical qubits by 2030.
At the same time, Infleqtion is working with Nvidia (NVDA) to connect quantum systems with AI tools. This work aims to let quantum hardware fit into current data systems. As a result, the company can move faster toward practical use.
Beyond computing, Infleqtion also builds quantum sensors. Recently, it showed a quantum clock that can guide underwater vehicles where GPS does not work. In addition, the company holds a U.S. Army contract for secure navigation and works with Safran Electronics and Defense (SAFRY) on timing tools set for early 2026.
Overall, Infleqtion enters the market with early revenue paths, strong partners, and clear goals.
We used TipRanks’ Comparison Tool to line up notable publicly traded companies on Wall Street. It’s a quick way to see how they stack up and where the field could be heading.
