u/MickeyB223

Effective Friday, June 26th, IonQ was officially upgraded from the Russell 2000 to the Russell 1000 index as their market cap exceeded the Russell 2000 Index framework. They will join the Russell 1000 effective Monday, 29th 2026.

This has some major implications, as any institutions that follow the Russell 2000 have to sell their shares of IonQ, any institutions that follow the Russell 1000 have to buy IonQ shares on Monday.

Finally, this is huge news because the next step after the Russell 1000 is the S&P 500. This is obviously a long-term goal due to profitability requirements.

Can someone please explain how Quantunnium IPOd today at $60 with an $18b valuation with only $30m in 2025 revenue? Seems to me like they’re significantly overvalued.

Unlike IonQ and Infleqtion their only revenue stream is hardware sales. Something seems off.

MIAMI--(BUSINESS WIRE)-- IonQ (NYSE: IONQ), the world’s leading quantum platform company, and Florida LambdaRail (FLR), Florida’s existing statewide research and education fiber optic network, announced an agreement to support delivering on FLR's vision for a quantum-safe network spanning Florida. Together with Florida Quantum and local colleges and universities, the groups’ first step will seek to create a nearly 100 mile quantum corridor from Palm Beach County to Miami-Dade connecting three research and education institutions.



“Creating a statewide quantum network in Florida will mark another major milestone in the deployment of IonQ’s global quantum platform,” said Niccolo de Masi, Chairman and CEO of IonQ. “IonQ's quantum-secure communications and advanced networking capabilities strengthen innovation ecosystems, improve resiliency, and lay the foundation for future public and private sector applications.”

The Master Service Agreement (MSA), announced at the 2026 eMerge Americas Conference + Expo, represents one of the most advanced efforts in the United States to transition critical fiber infrastructure toward quantum-secure communications. It builds on a series of collaborations across public and private sectors, aimed at accelerating the state’s quantum infrastructure and investment ecosystem.

The intended first phase will establish a three-node corridor linking select area colleges over the existing Florida LambdaRail fiber network. The system will use IonQ’s quantum key distribution (QKD) technology, enabling detection of any interception attempt and significantly strengthening protection against future cyber threats.

Quantum computing is expected to challenge many of today’s widely used encryption standards. As a result, governments and institutions have begun preparing for scenarios in which encrypted data collected today could be decrypted in the future. Similar efforts, in Switzerland and Romania, to this Florida initiative, are addressing that risk by introducing quantum networking, which shifts part of the security model from mathematical complexity to physics-based protection.

“Florida LambdaRail's collaboration with IonQ in this innovative quantum initiative will enable partner universities, researchers, and students to move quantum from the lab setting to real-world deployment,” said Jason Ball, chair of the Florida LambdaRail Board of Directors and associate provost and chief information officer at Florida Atlantic University. "We're confident that this public and private project will be a catalyst to accelerate scalable quantum-secure connectivity across the state.”

Florida LambdaRail, a nonprofit network connecting universities, research institutions, and public sector entities across the state through dedicated fiber infrastructure, will serve as the backbone for the deployment. Its existing footprint enables the initiative to move directly into real-world implementation rather than remaining in a laboratory setting.

Matt Cimaglia, Managing Partner of Quantum Coast Capital and a founding member of Florida Quantum, which has been advancing initiatives across the state, said:

“This effort reflects a broader shift in how infrastructure is being designed. By aligning networks, institutions, and investment, Florida is laying the groundwork for a quantum ecosystem that has the potential to drive innovation, attract talent, and support new opportunities across the state.”

Following completion of the initial corridor, the initiative is expected to expand across the Florida LambdaRail network, connecting additional institutions statewide, subject to future funding and stakeholder participation.

https://investors.ionq.com/news/news-details/2026/IonQ-and-Florida-LambdaRail-Launch-First-Statewide-Quantum-Safe-Network-Initiative-in-United-States/default.aspx