France’s Pasqal is public, with $360M and a valuation of about 100 times revenue
Pasqal began trading on Nasdaq under ticker PSQL, raising $360M via a SPAC merger. The company has a valuation of about 100 times its 2025 revenue of €16.5M. Pasqal has deployed quantum hardware with customers like Saudi Aramco and Crédit Agricole CIB. The funds will support manufacturing, R&D, and expansion. France retains veto power over significant non-French/EU stakes.
