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  "documentTitle": "IonQ Inc. (IONQ)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-05-03 00:00:00",
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  "notes": "The slide uses guilt-by-association to undermine the credibility of IonQ's backers and advisors.",
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      "text": "IonQ’s top holders are the some of the usual purveyors of SPAC trash.",
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      "kind": "image",
      "text": "SoftBank and IonQ in Strategic Pact on Quantum Computing",
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      "text": "The largest holder is Silicon Valley venture capital firm NEA, which was one of the largest holders in Allakos (ALLK) when we exposed it in a report. They remain on the board. The stock is down 97%, erasing $7B of market cap after one of the largest one day blowups in biotech history. Of course no charade is complete without Softbank popping up as a top holder, and it appears that Silver Lake, Google, and Michael Dell’s family office have been bamboozled as well. We further note the Quantumscape (QS) CEO’s appearance on IonQ’s advisory board. We published a report on that SPAC last year, which is down 61% since.",
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      "text": "Source: Capital IQ data; https://www.wsj.com/articles/softbank-and-ionq-in-strategic-pact-on-quantum-computing-11623192815",
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      "text": "Top holders per Capital IQ",
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