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  "documentTitle": "IonQ Inc. (IONQ)",
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      "text": "The disclosure makes it clear that not only is the 32-qubit system not being sold, it isn’t even available “for customer use or independent verification by a third party” – which may “even never occur.”",
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      "text": "IonQ prospectus Oct 22, 2021. Updated prospectus filed on Nov 15, 2021 repeats the same disclosure.",
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      "text": "We are developing our next-generation 32-qubit quantum computer system, which has not yet been made available to customers. We expect this system to have 22 algorithmic qubits, i.e., qubits that are usable to run quantum algorithms, but the number of algorithmic qubits available in this system has not been finalized and may be fewer than planned. The availability of this generation of quantum computer system for customer use or independent verification by a third party may be materially delayed, or even never occur.”",
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      "text": "One could give IonQ the benefit of the doubt and assume that while they don’t “sell access” to their 32-qubit computer - as their prospectus says they do for their 11-qubit system - it nonetheless exists. Yet when we did a word search in their prospectus for “32 qubit,” we found only two hits – both buried in the fine print in a troubling disclosure that says the system “is not yet available for customers and may never be made available.” The disclosure makes it clear that not only is the 32-qubit system not being sold, it isn’t even available “for customer use or independent verification by a third party” – which may “even never occur.”",
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      "text": "“Our 32-qubit system, which is an important milestone for our technical roadmap and commercialization, is not yet available for customers and may never be available.",
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      "text": "“Our 32-qubit system, which is an important milestone for our technical roadmap and commercialization, is not yet available for customers and may never be available.” — IonQ Prospectus",
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      "text": "Source: https://www.sec.gov/Archives/edgar/data/1824920/000119312521305372/d206735ds1a.htm; Nov 15 prospectus - https://www.sec.gov/Archives/edgar/data/1824920/000119312521330111/d262236d424b3.htm",
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