Infleqtion shares rise 4.73% after NASA awards additional $20 million quantum-sensor contract

Infleqtion shares rose 4.73% to $14.17 Thursday after NASA awarded the company a $20 million follow-on contract for a space-based quantum gravity sensor, doubling the agency’s total investment in the program to $40 million. The announcement also fueled a broader rally in quantum-themed stocks: Genians, Wooriro and Hanssak rose 14.38%, 5.25% and 4.6%, respectively, in Seoul, while IonQ and D-Wave Quantum gained 6.07% and 2.23% in New York. Infleqtion is responsible for designing, advancing and integrating the project’s atomic physics package, which is intended to detect subtle changes in Earth’s gravitational field and improve mapping of water, ice and natural resources. Development is scheduled through 2027, with a low-Earth-orbit launch targeted for 2030. The project uses quantum particles in a sensing system rather than qubits for computation, but the contract has been viewed as evidence of commercial demand for quantum technology. Infleqtion has a consensus Buy rating and an average analyst price target of $21.33, while its holdings in three quantum-focused ETFs could make the shares sensitive to fund flows.

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