Steve Grasso: U.S. administration awards $2 billion to 9 quantum firms, takes equity stakes

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Artem Shendetskii

21.05.2026

Steve Grasso: U.S. administration awards $2 billion to 9 quantum firms, takes equity stakes — U.S. awards $2B to quantum firms

Steve Grasso, director of institutional sales at Grasso Global, highlights that the U.S. administration under President Donald Trump is awarding $2 billion to nine quantum companies and taking equity stakes in these firms.

He describes the move as more than just a grant, calling it validation for the sector. Grasso also notes that INFQ is expected to receive a $100 million award and has $569 million in cash with no debt, emphasizing its capital efficient model. IONQ is also mentioned as moving in the market.

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Grasso recently highlighted strong gains as INFQ rose more than 9 percent and IONQ climbed over 7 percent despite overall market volatility. He has also covered high-level developments including a U.S. business delegation's trip to Beijing as China paused Boeing deliveries. These reports reflect his ongoing focus on significant moves in the technology and industrial sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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