Quantum Art and Classiq pursue SPAC mergers at $2–$5B valuations
In brief
- Quantum Art and Classiq negotiate SPAC mergers at $2–$5 billion valuations each
- Quantum Art could be first Israeli quantum firm to go public by end of 2026
- Five quantum startups have gone public via SPAC deals since early 2026
- Listed quantum entities carry collective valuation of roughly $70 billion
The quantum SPAC wave
The momentum behind quantum tech is accelerating on Wall Street. Five quantum startups have already gone public through SPAC mergers since the beginning of 2026, with five more in advanced deal stages. Roughly 30 SPACs are currently identified as actively pursuing deals in the quantum space. Listed quantum entities now carry a collective valuation of around $70 billion.
The appetite for quantum exposure is real. A SPAC founded by Tom Livne and Eyal Waldman recently raised $172 million specifically to target quantum technologies. Both Quantum Art and Classiq are working with investment banks to finalize their SPAC decisions.
Quantum Art's trapped-ion play
Quantum Art builds trapped-ion quantum hardware. The company has raised approximately $200 million in total funding, including a $140 million Series A extension completed in April 2026.
A public listing would validate the trapped-ion approach at scale. It'd also give Quantum Art the capital and market visibility to compete with other quantum hardware platforms already trading on exchanges.
Classiq's developer-first software
Classiq provides cross-platform tools that help developers write and optimize quantum algorithms. The company has raised roughly $200 million, including a $30 million round at the end of 2025.
Classiq's strategic backers include AMD and Qualcomm. The company is generating annual revenues in the tens of millions and is reportedly considering another funding round.
Revenue generation sets Classiq apart in a space where most players are still pre-commercial. That traction likely strengthens its negotiating position with SPAC sponsors.
What's next
Neither deal is certain. SPAC mergers face shareholder votes, regulatory scrutiny, and market conditions can shift. But the activity signals institutional confidence in quantum's near-term applications. The Israeli quantum ecosystem — two startups at this scale pursuing public markets simultaneously — reflects how concentrated talent and capital have become in the field.
