Government Stakes · Announced Federal Funding · Infleqtion

## What this measures

The federal money announced in the deals that give the U.S. government an equity stake in Infleqtion, in millions of dollars, as it stood at the end of each month. Deals: quantum research award (Commerce, CHIPS R&D Office, announced May 21, 2026, letter of intent).

## Why it matters

Since mid-2025 the U.S. government has taken equity in companies it funds: shares or warrants in exchange for CHIPS Act grants and research awards, preferred stock from the Department of War, warrants for loan changes, and a golden share in a merger. That makes the government a shareholder in a set of listed companies, and the market's reading of those companies a measure of how the stakes are faring. The amount shows how much public money is tied to each stake.

## How to read it

Millions of dollars. Compare companies on the same date (the chart "U.S. Government Equity Stakes by Company" ranks them). The series only changes when a deal is announced or revised.

## How it is built

The amount is the federal money announced in the deal that carries the stake, as the primary source states it: a CHIPS Act grant or research award, a Department of War equity or preferred-stock purchase, or the government's contribution to a joint venture. It is not the market value of the stake. A company with more than one deal shows their sum; the series steps up in the month each deal is announced (the current month runs to date). Stakes with no announced dollar amount (warrants granted for loan changes, a golden share, a participation interest, a stake granted at no cost) are listed in the table but have no amount series.

## What it does not say

An announced amount is not money paid: letters of intent can change before a final award, and awards are often paid in milestones. It is not the value of the stake, which the sources often do not give. Palanor reviews the table by hand; a deal enters when a federal release, a company release or an SEC filing announces it.

## History

One point a month from the month of the company's first deal: the amount changes only when a deal is announced or revised, so a company first announced in 2026 has a short series by design, and there is no earlier history to backfill.

## Source

Palanor calculation from the government_equity_stakes table. Primary sources: https://ir.infleqtion.com/news-events/press-releases/detail/188/infleqtion-signs-letter-of-intent-with-the-u-s-department-of-commerce-for-100-million-to-accelerate-u-s-leadership-in-quantum-computing