PsiQuantum: Conditional $150 Million Loan Commitment From U.S. Department Of War

PsiQuantum received a conditional commitment for a loan of up to $150 million from the U.S. Department of War’s Office of Strategic Capital to expand domestic quantum computing manufacturing and prototyping capabilities.

PsiQuantum plans to use the facility to scale key technologies and develop and validate prototype systems supporting its fault-tolerant quantum computing architecture.

In July 2026, PsiQuantum announced an expanded $125 million agreement with the Defense Advanced Research Projects Agency under its Quantum Benchmarking Initiative.

In September, PsiQuantum signed definitive documentation with the U.S. Department of Commerce for $100 million of federal incentives under the CHIPS and Science Act.

KEY QUOTES: “Today’s announcement shows the U.S. government’s bold leadership and continued commitment to quantum computing as a critical technology for America’s economic prosperity and national security.”