Quantum startup Quantinuum aims for $20 billion IPO valuation

Quantinuum, a leader in quantum technology, has filed for an IPO in the US. The company is seeking a valuation of over $20 billion, despite its core product still being in development. The main focus is on the fault-tolerant quantum computer named Apollo, expected to launch in 2029. This is reported by Ixbt.com .

The company's financial performance is currently unstable. By the end of 2025, while the company generated $30.9 million in revenue, it reported a net loss of $192.6 million. In the first quarter of 2026, the situation worsened: revenue dropped sharply, and losses increased more than fourfold. This highlights the inherent risks in the quantum sector.

Quantinuum was formed in 2021 through the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing. Currently, 54% of the company's shares are owned by Honeywell. They are building quantum systems using "trapped ion" technology and are conducting research projects with major partners such as BMW, Airbus, and JPMorgan Chase.

The company's main challenge is error correction in quantum systems. Current systems suffer from significant noise and errors, making complex calculations impossible. Investors are betting that the Apollo system will overcome this technological barrier and bring quantum computing to a commercial level.