France’s Pasqal is public, with $360M and a valuation of about 100 times revenue

Pasqal listed on Nasdaq (ticker PSQL) after a SPAC merger, holding about $360 million (€309 million) in cash. It runs seven neutral-atom quantum processors and counts Saudi Aramco, Crédit Agricole CIB, and LG Electronics among its customers. Valued at roughly 100 times its projected 2025 revenue of €16.5 million, the company will allocate proceeds to expand manufacturing, develop fault-tolerant technology, integrate cloud services, and pursue international growth.