Two Israeli quantum startups target Wall Street in multibillion-dollar SPAC deals Quantum Art and Classiq are seeking valuations of up to $5 billion as investor enthusiasm for quantum computing fuels a new IPO wave. It was perhaps only a matter of time. As investor enthusiasm for quantum computing accelerates, Israeli startups are also seeking to capitalize on the boom. Calcalist has learned that two Israeli quantum computing companies, Quantum Art and Classiq, are in advanced negotiations to go public on Wall Street through mergers with special purpose acquisition companies (SPACs). The companies are targeting valuations of between $2 billion and $5 billion each, according to people familiar with the discussions. Both companies declined to comment. According to industry sources, roughly 30 SPACs are currently searching for acquisition targets in the quantum computing sector, including the Israeli SPAC founded by Tom Livne and Eyal Waldman, which recently raised $172 million. Quantum Art, which is developing a full-scale quantum computer based on trapped-ion technology, is further advanced in the process. Classiq, which is building an operating system for quantum computers that could become the industry's equivalent of Microsoft Windows, is also considering another private fundraising round before pursuing a public listing in an effort to secure a higher valuation. Both companies are already working with investment banks, and a decision is expected in the coming weeks. If the plans proceed, Quantum Art could become the first Israeli quantum computing company to list on Wall Street, potentially before the end of 2026. Quantum Art was founded in 2022 as a spin-off from Prof. Roee Ozeri's group at the Weizmann Institute of Science. Quantum Art’s leadership team includes internationally recognized experts in trapped-ion quantum computing, large-scale system engineering, and quantum market strategy. The company, founded by Dr. Tal David (CEO), Dr. Amit Ben Kish