Mentioned:
QUBT -11.08% RGTI -14.53%

NASA is embracing quantum computers. And they’re turning to a publicly traded company to do it.

‍What’s happening:‍

  • Quantum Computing Inc (NASDAQ: QUBT) has won a new NASA subcontract to leverage their quantum computers at the NASA Langley Research Centre

By the numbers:‍

  • The new deal from NASA is worth up to approximately $400K USD

Why it matters:‍

  • The new deal between NASA and Quantum Computing Inc will represent one of the first times that quantum computers have been used to process LiDAR data that is gathered from satellites in orbit and sort through noise in the data that is caused by sunlight exposure

Going deeper:‍

  • This is not the first time NASA and Quantum Computing Inc have collaborated together, previously using Quantum Computing Inc’s Dirac-3 quantum computer for advanced imaging and data processing at the NASA Goddard Space Flight Centre
  • Quantum computing technology continues to be a major theme in both aerospace and defense tech, with Rigetti Computing (NASDAQ: RGTI) also just recently striking a notable deal with the United States Air Force to accelerate the development of quantum chips

‍