Two Israeli quantum computing startups are racing to join Wall Street through the back door. Quantum Art and Classiq are both in advanced negotiations to merge with special purpose acquisition companies, seeking valuations between $2 billion and $5 billion each.
If the deals close, Quantum Art could become the first Israeli quantum company to go public, potentially listing as early as the end of 2026.
The SPAC pipeline is filling up fast
Roughly 30 SPACs are currently identified as actively pursuing deals in the quantum space. Five quantum startups have already gone public through SPAC mergers since the beginning of this year, with five more in advanced deal stages. Listed quantum entities now carry a collective valuation of around $70 billion.
Among the SPACs on the hunt is one with Israeli roots. Founded by Tom Livne and Eyal Waldman, it recently raised $172 million specifically to target quantum technologies.
