Quantum Boom: IonQ Stock Skyrockets to Record High on Breakthroughs & Bold Ambitions
IonQ shares hit a record high near $75 in early October, up over 700% year-on-year, pushing its market value to about $22 billion. The company reported Q2 revenue of $20.7 million but posted a $177.5 million net loss. IonQ raised $1 billion in new capital and acquired Oxford Ionics for $1.08 billion. Technical breakthroughs and new deals, including a stake in Einride, fueled the rally.