The Albanese government’s stake in PsiQuantum surged US$65 million to US$190 million following the company’s Series E capital raise last month, despite its valuation more than doubling.
Trade minister Don Farrell claimed the early win at Senate Estimates on Friday evening, revealing the new value of its US$125 million equity investment in the Silicon Valley quantum computing startup.
“There’s been a new valuation of PsiQuantum at US$7 billion, so that’s …
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