Infleqtion, previously operating under the name ColdQuanta, is an emerging quantum computing and sensing enterprise that is steadily gaining attention as it prepares to publicly list through a merger with Churchill Capital Corp X (NASDAQ: CCCX), a special purpose acquisition company managed by renowned Wall Street dealmaker Michael Klein. This transaction is set to bring Infleqtion to the forefront of the quantum technology market, offering investors access to an innovative company developing cutting-edge quantum solutions.
As Churchill Capital’s stock exhibits significant upward momentum, investors are keenly observing the impending merger, which promises to deliver a unique opportunity to participate in the growth of a company that blends advanced quantum computing with practical quantum sensing applications.
Infleqtion’s technological foundation is built upon Nobel Prize-winning breakthroughs in neutral-atom quantum technology. The company holds an extensive patent portfolio exceeding 230 issued and pending patents, underscoring its commitment to innovation and intellectual property protection. Their product suite includes quantum computers branded as Sqale, precision quantum atomic clocks named Tiqker, radio frequency receivers under the Sqywire moniker, along with inertial navigation systems, quantum cores, and comprehensive quantum software.
The company’s origin traces back to research at the University of Colorado, Boulder, where prominent figures like Dana Anderson, the founder and chief science officer and a physics professor instrumental in developing the first ultracold atom chip, laid the scientific groundwork. Other key contributors include Noah Fitch, VP of emerging technology, who collaborated on research projects at the university, and co-founder and CTO Pranav Gokhale, whose experience includes positions at the National Institute of Standards and Technology and the Federal Trade Commission. Additionally, Mark Saffman, the chief scientist for Quantum Information, has been recognized with prestigious awards such as the Biennial John Stewart Bell Prize and the Norman F. Ramsey Prize for his fundamental contributions to quantum mechanics.
Complementing the technical team, Infleqtion has recently bolstered its executive leadership. Matt Kinsella, CEO and an early investor in the company with a history of investing in firms like Hims & Hers and a near two-decade tenure at Maverick Capital, leads the business strategy. The team includes Ilan Hart, former CFO of Amazon’s Zoox, serving as CFO; Jason Hall, previously chief legal officer at Renesas Electronics; Chris Cook, a Navy veteran and former Saab executive, acting as VP of government affairs; Karl Pendergast, with prior experience at Lockheed Martin, Northrop Grumman, and NASA, now functioning as SVP and general manager of the Quantum Sensing Solutions Group; Colin Sullivan, the UK National Air and Space Delegate to NATO Industry Advisory Group, serving as managing director of Infleqtion UK; and Dave Kresse, formerly with Amazon Web Services, as VP of commercial solutions.
Governmental investment and collaboration are central to Infleqtion’s development. Its investor roster features notable entities such as In-Q-Tel, the investment arm of the U.S. intelligence community. The company’s webpage also cites collaborations with industry leaders and government agencies, including Nvidia, JPMorgan, L3Harris, SentinelOne, SAIC, LG, the U.S. Army, Navy, Air Force, Department of Energy, Department of War, NASA, NIST, DARPA, the Japan Science and Technology Agency, and UK Research and Innovation.
Among these partnerships, the collaboration with Nvidia stands out as a key initiative to accelerate hybrid quantum-classical computing. This effort aims to integrate Infleqtion’s Sqale quantum computer with Nvidia’s CUDA-Q and NVQLink technologies, potentially expediting the practical application of quantum computing capabilities.
Unlike companies focused solely on quantum computing, which may require several years before realizing commercial viability, Infleqtion has distinguished itself by emphasizing quantum sensing as well. Quantum sensing employs quantum mechanical principles to achieve measurement precision and sensitivity far exceeding that of conventional sensors, enabling immediate revenue generation. Infleqtion has secured multiple government contracts supporting this focus, including a $2 million award from the U.S. Army in late 2025 for development in secure artificial intelligence for edge positioning, navigation, and timing. Additionally, the firm received a $17 million research and development contract from NASA in September 2025, a $6.2 million grant from the Department of Energy’s ARPA-E for quantum-enhanced energy grid optimization solutions in March 2025, as well as an $11 million infusion from the Department of War in December 2024.
Infleqtion has recently announced a strategic partnership with Voyager to deploy its Tiqker quantum atomic clock aboard the International Space Station. This deployment aims to enable autonomous spacecraft coordination and secure communications across satellite constellations, further exemplifying the company’s commitment to real-world applications of quantum sensing technologies.
The company’s approach to quantum sensing involves a platform where atoms are chilled to ultracold temperatures and manipulated with lasers to function as measurement and timing references. This neutral atom platform is being commercialized to support deployment in critical sectors such as national security, aerospace, and other infrastructure areas where exceptional precision and system resilience are paramount.
Infleqtion’s impending public listing through a special purpose acquisition company merger marks the company as a pioneer in neutral-atom quantum technologies, which are recognized for their scalability, flexibility, and cost efficiency. The SPAC deal values the company at approximately $1.8 billion, intending to raise gross proceeds near $540 million. This includes over $125 million secured through a common stock private investment in public equity (PIPE) from institutional investors. The merger received SEC approval in late January, with the shareholders’ vote scheduled for early February, and the transaction expected to close shortly thereafter. Post-merger, the entity will rebrand as Infleqtion, Inc. and trade on the New York Stock Exchange under the ticker symbol "INFQ" starting mid-February.
Comparisons with other publicly traded quantum technology firms reveal Infleqtion’s undervaluation relative to peers. Companies such as IonQ Inc., D-Wave Quantum Inc., Rigetti Computing Inc., and Quantum Computing Inc. have market capitalizations ranging from approximately $2.2 billion up to $13 billion. According to market research analysis, Infleqtion’s valuation at its current proposed market entry price presents potential upside given its strong fundamentals and strategic positioning. Market cap scenarios suggest that elevation to a $5 billion, $10 billion, or $13 billion valuation would significantly increase Infleqtion’s per-share value.
Churchill Capital Corp X’s share price has shown robust performance, closing with a notable increase over 5% at $11.34 at the close of trading, reflecting positive market sentiment as the merger approaches.
For investors, Infleqtion represents a compelling prospect combining short-term revenue from quantum sensing with longer-term upside linked to quantum computing advancements. Its diversified client base, government support, industry collaborations, and experienced management team position it as a calculated investment in the evolving quantum technologies landscape.