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IonQ's annual revenue has just exceeded 100 million dollars, yet it has lavishly spent 3 billion dollars to complete eight acquisitions and one pending merger. These "extravagant" acquisitions are mainly paid for with stocks, shifting the burden to existing shareholders: their ownership percentage has been diluted, but it also brings a grander quantum platform narrative.

The person leading all this is a CEO particularly skilled at playing capital games. Generally speaking, especially value investors might not necessarily favor such experts, but quantum computing is a field that requires heavy investment, has long cycles, and high risks; compared to whether the technology is advanced, the key is whether it can survive long enough.

This is likely the most suitable CEO at the moment—having initiated four SPACs, one of which is the shell that took IonQ public in 2021.

In studying quantum computing, IonQ is an unavoidable reference, especially for those paying attention to QNT's opening; it is worth comparing, "not afraid of unfamiliar goods, just afraid of comparing goods." The roadmaps of the two companies have similarities, but IonQ has higher revenue and market value. Let's compare the specifics.

https://mp.weixin.qq.com/s/P2eDxu-ptMSkGsEiqfcEnw


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