Pasqal’s SPAC filings reveal a $2bn French quantum bet, and a French kill switch
AI Today Summary
French quantum computing firm Pasqal is going public on Nasdaq via a SPAC merger, valuing the company at $2 billion, about 100 times its projected 2025 revenue. The filings highlight the high-risk nature of quantum computing's commercial viability and reveal that the French government retains veto power over significant foreign ownership stakes, reflecting Europe's strategic control over critical technologies. Pasqal's US listing aims to access deeper capital markets despite these political and,
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