Quantum Ambition: Can Pasqal's Money Muscle Match Its Hardware Hype? Pasqal Holding SA's recent NASDAQ listing has raised eyebrows in the quantum computing community.
The company boasts seven operational QPUs installed across three continents, with a manufacturing capacity that could deliver up to 13 QPUs annually.
This achievement has earned it a $2 billion valuation and $360 million in cash on hand. However, Pasqal's commercial revenue tells a different story. In 2025, the company generated €16.