IonQ Enters DARPA Stage C Under Deal Worth up to US$300M

IonQ enters DARPA Stage C under deal worth up to US$300M

An agreement capped at US$300 million has put a federal price tag on quantum validation without revealing how much work has been funded. IonQ, Inc. (NYSE: IONQ), the College Park, Maryland, developer of quantum computing systems, said on Oct. 7 it signed a Stage C agreement with the Defense Advanced Research Projects Agency (DARPA), the U.S. defence research agency. Its announcement says the agency will test generations of IonQ systems through 2…

IonQ Stock Jumps as Pentagon Bets Big on Quantum

TLDR IonQ stock rose 1% to $41.83 in after-hours trading on Wednesday. The company advanced to Stage C of DARPA’s Quantum Benchmarking Initiative. IonQ signed a deal with a potential value of up to $300 million. Testing of IonQ’s Superion quantum systems will run through 2029. Wall Street holds a...

IonQ Passes DARPA’s First Two Tests For Utility-scale Quantum

IonQ will advance to Stage C of DARPA’s Quantum Benchmarking Initiative, following successful completion of Stage A and Stage B. The Stage C agreement has a potential value of up to $300 million and will deliver multiple generations of quantum systems for DARPA’s independent validation, determining if systems can reach utility scale.