Infleqtion bags $20 million follow-on contract from NASA; shares up
27/08/2026 14:34
BUZZ-Infleqtion bags $20 million follow-on contract from NASA; shares up ** Shares of quantum technology company Infleqtion INFQ.N rise more than 5% to $14.27
** NASA awards co $20 million follow-on contract to build a space-based quantum gravity sensor, bringing its investment in the program to $40 million
** INFQ says it aims to develop a space-based quantum gravity sensor using ultracold rubidium atoms to measure Earth's gravitational variations from orbit
** Says hardware development will continue through 2027, with a targeted launch in 2030
** All five analysts covering the stock rate it "buy" or above; median PT at $22 - data compiled by LSEG
** As of last close, stock down 13.27% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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