Pasqal, a French quantum computing company, advanced 55% in its Nasdaq debut on Friday after opening with a 73% gain, valuing the firm at roughly $2 billion. The surge followed the company’s market entry, which was supported by major backers including Bpifrance, Microsoft, Google, and IBM.
The company, which specializes in quantum processors leveraging entangled atoms controlled by lasers, reported revenue of €16.5 million for 2025. Pasqal has deployed seven machines to date, with four installed in national supercomputing centers across France, Germany, Italy, and Canada. Its production facilities in France and Canada are designed to manufacture up to 13 machines annually.
Pasqal’s technology, rooted in quantum entanglement and atomic control, has drawn interest from sectors including drug discovery, materials science, and financial modeling. The company’s co-founder, Alain Aspect—a 2022 Nobel laureate in physics—has contributed to its foundational research. Despite progress, widespread commercial adoption remains constrained by persistent quantum error rates.
Industry peers have set ambitious timelines: Google anticipates exclusive quantum applications within five years, while IBM targets a large-scale quantum machine by 2029. Pasqal’s client roster includes Saudi Aramco, which is evaluating the technology for modeling underground oil reserves.
