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Key Facts about IonQ
Who: IonQ (NYSE: IONQ)
What: IonQ’s market cap has increased from $1.8 billion to $11.5 billion, with ambitious plans for quantum computing technology.
When: Current estimates suggest IonQ could achieve significant milestones by 2030.
Key Data: IonQ’s Forte quantum computers currently support 36 physical qubits and are expected to grow to 100 qubits with the upcoming Tempo system. By 2030, IonQ aims to handle 2 million qubits and predicts annual revenue could reach $500 million or more if successful.
IonQ is racing against competitors like Google, IBM, and Microsoft, all of whom have greater financial resources. The quantum computing market is projected to be worth $7.3 billion by 2030, with a potential reach of $87 billion by 2035.
However, IonQ faces significant challenges, including the need for breakthroughs in quantum error correction and other technological advancements to fulfill its roadmap.
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