60%+ returns in 2025: Here’s how AI-powered stock investing has changed the game
Investing.com -- IonQ Inc (NYSE:IONQ) stock rose 2.5% on Monday after the quantum computing company announced it has entered into a definitive agreement to acquire Skyloom Global, a provider of optical communications infrastructure.
The acquisition is expected to enhance IonQ’s quantum-secure communications capabilities by integrating Skyloom’s high-performance optical link technology. According to the company, this integration could boost data throughput by up to 500% and significantly reduce latency for critical applications from many hours to under one hour.
Skyloom, founded in 2017, specializes in Optical Communications Terminals (OCTs) for satellite-to-satellite and satellite-to-ground laser communications. The company is on track to deliver nearly 90 terminals for Space Development Agency missions by 2025.
"This acquisition marks a pivotal acceleration for IonQ by adding high-bandwidth optical link capabilities to our global quantum platform," said Niccolo de Masi, Chairman and CEO of IonQ. "These optical links form the backbone for quantum-secure communications and next-generation quantum networking and distributed quantum entanglement infrastructure."
Following the completion of the acquisition, Skyloom CEO Marc Eisenberg will report to Frank Backes, President of Quantum Infrastructure at IonQ.
This deal follows IonQ’s recent acquisitions of Qubitekk, Capella Space, Lightsynq, and a majority stake in ID Quantique, as the company continues to build its full-stack quantum-secure communications platform.
The transaction is expected to close after standard regulatory approvals are completed.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.