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  "documentTitle": "IonQ Inc. (IONQ)",
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  "presentationDate": "2026-02-04 00:00:00",
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  "notes": "The slide presents evidence of budget cuts to specific programs to suggest insider trading or lack of transparency.",
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      "text": "While the table above shows the absence of IONQ’s earmarks, the Air Force’s formal, unclassified budget request for FY 2026 shows the Pentagon actively zeroing them all out in 2025, including no 2025 funding for the two contracts with the combined $54.4 million blackhole.",
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      "text": "The FY 2026 budget and funding tables were released January 20th, and signed into law on February 3rd, and our review of those tables indicates that IONQ’s main contract was once again not renewed.",
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      "text": "While the table above shows the absence of IONQ’s earmarks, the Air Force’s formal, unclassified budget request for FY 2026 shows the Pentagon actively zeroing them all out in 2025.",
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      "text": "In the FY 2025 Continuing Resolution passed by Congress March 11th-14th, 2025, the new majority made steep cuts to Congress’s own R&D cash stash—slashing $3.8 billion below the prior year.",
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      "text": "Exhibit R-2, RDT&E Budget Item Justification: PB 2026 Air Force",
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