IonQ to Acquire Skyloom as It Expands Quantum Reach Into Secure Space Networks
IonQ has announced its acquisition of Skyloom Global, a company specializing in space-based optical communication systems. This strategic move aims to enhance IonQ's efforts in establishing a secure global network for quantum key distribution (QKD), which is essential for protecting sensitive data. The acquisition will integrate Skyloom's technology for efficient data transfer between satellites and Earth, furthering IonQ's vision of combining quantum computing with secure communication. Despite the announcement, IonQ's stock fell by 1.72%, closing at $54.42.
IonQ (IONQ) has signed a deal to acquire Skyloom Global, a private company that builds space-based optical communication systems. The announcement was made by IonQ Chairman and Chief Executive Officer Niccolò de Masi during an interview on CNBC.
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Skyloom brings optical tech that can move large amounts of data between satellites and Earth. The move fits into IonQ's broader plan to create a secure global network for quantum key distribution, or QKD. This type of network can help protect sensitive data across air, land, sea, and space.
"We entered an agreement just recently to acquire a company called Skyloom," de Masi said. "This is building on our investments in quantum networking and signals, both on the ground and in space." According to the company, IonQ is putting together a full platform that connects quantum computing, secure communication, and advanced sensors. The Skyloom deal adds to that mix by handling real-time, orbital data flow. That strengthens IonQ's ability to support long-range networks with high security.
Meanwhile, IONQ shares dropped 1.72% on Tuesday, closing at $54.42.
