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Pentagon offers PsiQuantum a conditional loan of up to $150m

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Illustrative photo.Photo by Boris Pavlikovsky on Pexels

What happened

PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from the same Pentagon office in two days.

Key facts

  • The quantum computing company — announced: the commitment on Thursday

Sources & evidence