Illyas Khan's Quantinuum IPO turns a quantum software bet into a $2.2 billion stake
Quantinuum raised $1.68 billion at a valuation above $15.6 billion while reporting just $30.9 million in 2025 revenue.
By Ryan Merket · Published
Primary source: Forbes
Why it matters
Quantinuum's IPO is a founder exit and a market signal: public investors are funding quantum like strategic infrastructure despite limited revenue.
Illyas Khan became a billionaire after Quantinuum's Nasdaq IPO, a public-market validation of a founder path that began in Hong Kong finance, moved through an early accelerator, and ended up inside one of the most capital-intensive bets in computing.…
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