Four quantum startups went public this year, each betting on a different path to dominance: trapped-ion, neutral-atom, photonic, and software platforms. Quantinuum partners with HPE and leans on government contracts; Infleqtion’s sensing tech is gaining traction with NASA funding; Xanadu, using light-based computing, is training engineers with Lockheed Martin; and Horizon’s software lets developers run code across hardware without rewriting. All went public via SPACs, skipping traditional IPOs. While revenue is modest or uneven, their big-name partnerships signal serious momentum—and investors are watching to see which model will crack the code on sustainable quantum business.
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