Breakthrough Victoria’s first portfolio company to list on a public exchange has attracted strong national and international media attention, following Infleqtion’s debut on the New York Stock Exchange and a fivetimes uplift in the value of Breakthrough Victoria’s investment.
The listing was covered widely across Australian and international outlets, highlighting both the scale of Infleqtion’s listing and the role of public, patient capital in supporting deeptech companies through long development cycles and into global markets.
Coverage at a glance
STARTUP DAILY
Infleqtion raised US$550 million in a SPAC (special purpose acquisition company) merger with Churchill Capital, listing overnight at US$14.25. Its shares rose 14% on the opening day of trade to close at US$15.59 to given the Victorian investor a 5X value uplift.
INNNOVATION AUS
Infleqtion’s Wall Street debut hands Breakthrough Victoria 5x return
Breakthrough Victoria’s patient investor methodology is beginning to bear fruit, with its first publicly traded portfolio company making a successful New York Stock Exchange debut and delivering significant unrealised gains for the fund.
EMIRATES INSIGHT
Breakthrough Victoria scores 5x uplift on investment in US quantum startup listing on the NYSE
Breakthrough Victoria says its had a 5x uplift on its investment in a US-based portfolio company, Infleqtion, listed on the New York Stock Exchange overnight.
Infleqtion raised US$550 million in a SPAC (special purpose acquisition company) merger with Churchill Capital, listing overnight at US$14.25. Its shares rose 14% on the opening day of trade to close at US$15.59 to given the Victorian investor a 5X value uplift.
Infleqtion CEO Matthew Kinsella said the new capital will be used to accelerate their compute and product roadmaps globally
“We continue to support the development of sovereign quantum capabilities in Australia while competing internationally, with the goal of contributing to the next generation of advanced quantum technologies,” he said.
YAHOO FINANCE
Infleqtion Becomes First Neutral-Atom Quantum Company to Go Public
Infleqtion, a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today became a publicly listed company trading on the New York Stock Exchange ("NYSE") under the ticker symbol "INFQ" following the completion of its previously announced business combination with Churchill Capital Corp X ("Churchill X"), a publicly traded special purpose acquisition company
Innovation Aus described the listing as evidence that Breakthrough Victoria’s “patient investor methodology is beginning to bear fruit”, noting that Infleqtion’s successful Wall Street debut delivered significant unrealised gains while positioning the company for its next phase of growth.
Infleqtion CEO Matthew Kinsella said the capital raised will be used to accelerate the company’s compute and product roadmaps globally, while continuing to support the development of sovereign quantum capabilities in Australia.
Breakthrough Victoria CEO Rod Bristow said the listing marked a milestone not only for Infleqtion, but for Victoria’s emerging quantum sector.
“As Breakthrough Victoria’s first portfolio company to go public, Infleqtion demonstrates how worldclass research, backed by strategic investment and global ambition, can be transformed into a billiondollar enterprise,” Mr Bristow said.
The Victorian Government also welcomed the coverage, with Minister for Economic Growth and Jobs Danny Pearson noting the broader economic significance of the listing for Victoria’s innovation economy and highly skilled workforce.
Taken together, the breadth of coverage reflects growing recognition of Breakthrough Victoria’s role as a patient, disciplined investor, backing breakthrough technologies through long development cycles and into global markets. While Infleqtion’s listing represents an important early milestone, it also signals what is possible as more companies within Breakthrough Victoria’s portfolio mature and scale.