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  "documentTitle": "IonQ Inc. (IONQ)",
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      "text": "We think the Pentagon's stance on PQC means that IDQ's market opportunity is being strangled in its infancy.",
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      "text": "IONQ's purchase of IDQ creates problems beyond cash burn. IDQ is a Quantum Key Distribution (QKD) company... Pentagon recently directed its agencies not to use QKD and use Post-Quantum Cryptography (PQC) instead.",
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      "text": "2025 was also a bad year for IONQ's technology. DARPA granted 18 quantum computing companies $1 million apiece... IONQ came up short and did not directly advance to Stage B. Instead... they acquired Oxford Ionics, for $1.596 billion.",
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      "text": "Bulls have touted the appointment of Kate Arrington... However, it is not clear whether she realizes that her office issued a memo forbidding the use of Quantum Key Distribution by the Pentagon.",
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      "text": "Page 4 of 33",
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      "text": "It is beyond me, my capability, I was just listening to the doctors of physics explaining to me a qubit and how quantum computing is a real thing.",
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      "text": "\"It is beyond me, my capability, I was just listening to the doctors of physics explaining to me a qubit and how quantum computing is a real thing.\" — Kate Arrington",
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