Quantum Computing Inc (QUBT) Soars 24% on $500M Funding & New “Quantum Secure” Tech – Will It Hit $40?
Quantum Computing Inc. raised $500 million in an oversubscribed private placement in late September, boosting total cash to about $850 million. QUBT shares spiked 24% on Oct. 3 after unveiling a new quantum encryption platform at ECOC 2025, but remain volatile. Analysts raised targets, with Ascendiant Capital now at $40. Despite a $19.98 close on Oct. 2 and strong market cap, Q2 revenue was just $61,000 with a $36.5 million net loss.