News Summary

• Quantinuum filed for a US initial public offering on Thursday that could value the company at more than 20 billion dollars.
• The quantum computing company reported 30.9 million dollars in annual revenue and 192.6 million in losses.
• The company is asking public market investors to pay a premium of more than 600 times revenue for a quantum computer that does not yet exist in its final form.
• The computer it is building, a universal fault-tolerant machine called Apollo, is scheduled for 2029.