Quantum computing startup IonQ plans to go public via SPAC merger
I said recently that I’ve been hearing people fretting that if their startup can’t attract a SPAC or go public in some way, then they’re worried people will think their startup is doomed. Conversely, I said on Clubhouse recently that this is how bubbles pop. If enough garbage companies go public, someday investors look around and realize a lot of them will never be profitable companies and everyone gets tarred by the same negative brush. That’s what happened for sure in the half decade or so after the dotcom bubble.
But I think the truth about the current tech stock bubble and especially IPOs is something in between: IE a lot of companies that will probably be successful are just taking advantage of super low barriers to public money to raise a ton of capital that will probably help give them better odds of success cause… why not? If people are willing to give you their money, on super generous terms, why not take it?
This is what I’m talking about. Quantum computing startup IonQ, which we’ve mentioned several times for various reasons, plans to go public via a $2 billion dollar spac merger, in a deal that will make it the first publicly traded company focused on quantum computing tech. So, I mean, forget companies SPACing before they’ve generated dollar one in revenue, forget them SPACing before they’ve even produced a product, this is a company SPACing based of the promise of a TECHNOLOGY that hasn’t been proven yet. But at the same time, assuming quantum computing will be a thing, if you’re IonQ, why not take this cheap money to help make sure that if it DOES become a thing, you’re likely to be the leader in the space.
https://www.wsj.com/articles/quantum-...