innovationaus.com
A couple of big equity investment bets by Australian governments into US quantum firms PsiQuantum and Infleqtion have taken a step forward with a pathway to liquidity revealing itself. The first of these, PsiQuantum, announced this week a US$1 billion (A$1.5 billion) Series E capital raise, valuing the company at US$7 billion. PsiQuantum was famously backed by the Australian and Queensland governments, which both contributing equally to a financial package worth A$940 million. Of this amount, US$250 million was in the form of an equity investment.
3 months ago