Quantinuum, the Honeywell-backed trapped-ion quantum computing company, began trading on the NASDAQ today after pricing its IPO at $60 per share and raising $1.68 billion. On CNBC’s Squawk Box this morning, CEO Rajeeb Hazra delivered the line that will define the debut: “It is not 10 to 15 years out. It’s very much now. And we will only see acceleration going forward.” That is a bold framing on a day when investors are also digesting the company’s early-stage financials. It is also a direct challenge to the long-running skeptic view that quantum is still a science project. The Debut Quantinuum was spun out of Honeywell, which remains a majority shareholder post-IPO. The company builds trapped-ion quantum computers, including hardware called Helios. Trapped-ion systems use charged atoms held in electromagnetic fields as qubits, an approach valued for high gate fidelity and accuracy. It is the same broad architecture used by IonQ (NYSE:IONQ | IONQ Price Prediction), making IonQ the closest public comparable for investors trying to triangulate Quantinuum’s positioning. The “Very Much Now” Thesis Hazra’s pitch leans on customers rather than theory. “We have customers today that are using our commercially available hardware and software, our full stack, to get started with their quantum journey on transforming, whether it’s their product set is pharma, their product set is financial instruments, their product set is new chemicals,” he said. He also tied quantum directly to the AI buildout: “We are in a transformative moment for the computing industry as AI and workloads take over and drive increasing amounts of value.” He acknowledged the stage of the market, calling it “early days of a massive industry,” where the KPIs are hardware performance and accuracy. The Profitability Question Here is where investors will scrutinize the story. Quantinuum reported 2025 revenue of $31 million and