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Story summary
- IonQ reports $656.8 million in cash and completes a $1 billion equity offering, lifting cash to $1.6 billion.
- The equity deal is the largest single institutional investment in the quantum industry, boosting investor confidence.
- IonQ aims to reach 800 logical qubits by 2027 and 80,000 by 2030 through acquisitions.
- Its price/sales ratio of 148.67 raises valuation concerns.
