Churchill Capital stock soars after Infleqtion wins NASA contract

robot
Abstract generation in progress

Investing.com – Churchill Capital Corp X (NASDAQ:CCCX) stock rose 8% on Tuesday after Citron Research supported the company following news that Infleqtion, the quantum technology merger target of this SPAC, secured a NASA space mission role.

Infleqtion will collaborate on NASA’s Quantum Gravity Gradient Probe (QGGPf) mission, which aims to deploy the first quantum sensor capable of measuring Earth’s gravity field from orbit. The company will design and integrate the sensor’s quantum core, leveraging its expertise in cold atom technology. The mission has already secured over $20 million in contract funding and is scheduled for launch in 2030.

Citron Research reinforced its position on CCCX stock, citing Infleqtion’s recent achievements. The firm highlighted that Infleqtion received a $6.2 million ARPA-E contract from the U.S. Department of Energy to apply quantum computing to energy grid optimization, in collaboration with Argonne National Laboratory, EPRI, and ComEd.

The partnership with NASA builds on Infleqtion’s previous collaboration with NASA’s Jet Propulsion Laboratory on a cold atom laboratory project aboard the International Space Station. The QGGPf mission represents a significant advancement in space-based quantum sensing capabilities, with the potential to enable more precise monitoring of changes in Earth’s surface water, ice, and land mass.

Infleqtion previously announced plans to go public through a merger with special purpose acquisition company (SPAC) Churchill Capital Corp X.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)