-31%

est. 2Y upside i

Series D+

Rank

#3494

Sector

Quantum Computing

Est. Liquidity

~3Y

Data Quality

Data: Low

Given a 45% bear probability and severe preference stack, the expected return is negative (-31%).

Last updated: July 3, 2026

Bull (10%)+80%

If PsiQuantum achieves commercial quantum computer and IPOs at 2x entry market cap ($11.3B), driven by technical milestone success and government contracts. Net of 20% dilution.

Base (45%)+13%

If the company progresses but faces competitive pressure, valuation increases modestly to $7.5B. Dilution reduces upside to 13%.

Bear (45%)-100%

If the company fails to reach commercial viability or is outpaced by competitors, exit value falls below $2.32B liquidation preference, resulting in total loss of common equity.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

4106%

Total preferred liquidation preference of $2.32 billion represents 41% of the $5.65B entry valuation, putting common stock at high risk in a downside scenario.

Dilution Risk

high

With $2.32B already raised and high capital intensity, further dilutive rounds within 2 years are highly likely, estimated at 20% dilution.

Secondary Liquidity

limited

Secondary trades at ~$5.65B imply some liquidity, but typical restrictions on employee equity transfer limit access.

Other — 74 roles

View all 74 open roles at Psiquantum →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Psiquantum's data — designed to show you've done your homework.

  • 1

    “How does PsiQuantum's silicon photonics approach differ from superconducting qubits, and what are the key milestones to validate its advantage?”

  • 2

    “What is the expected path to revenue generation, and how will the company balance government contracts with commercial QaaS?”

  • 3

    “Given the current capital intensity and potential dilution, how do you think the company will structure future equity grants to retain talent?”

Community

Valuation Sentiment

Our model estimates -31% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.