IonQ, a Maryland-based quantum computing company, announced on May 7th its acquisition of Capella Space, the first U.S. company to launch a commercial radar imaging satellite. This move significantly advances IonQ's goal of establishing the world's first space-based quantum key distribution (QKD) network, promising exceptionally secure communication for both government and commercial entities.
Established in 2015, IonQ specializes in developing quantum computing hardware and software. Unlike traditional computers that use binary data storage, quantum computers utilize quantum mechanics to perform complex calculations at speeds exponentially exceeding those of conventional machines. A key application is quantum key distribution, which can immediately detect and prevent any attempts at encryption key interception. While the financial specifics of the transaction remain undisclosed, the deal's closure is anticipated in the latter half of 2025, contingent upon regulatory approvals and other standard closing conditions.
Capella, founded in 2016, operates a fleet of synthetic aperture radar (SAR) satellites capable of Earth imaging regardless of weather conditions or time of day. Since launching its initial satellite in 2018, it has become a reliable imagery provider for U.S. government and commercial clients. Prior to this acquisition, Capella's funding came from venture capital, strategic partnerships, and private investors.
IonQ’s interest in Capella extends beyond its satellite technology. Capella possesses classified contracts and operates secure facilities, potentially providing IonQ access to defense and intelligence markets as it develops its space-based quantum vision. “We have an exceptional opportunity to accelerate our vision for the quantum internet,” said IonQ CEO Niccolo de Masi. “By leveraging long-distance quantum repeaters from Lightsynq combined with Capella’s top-secret signals capabilities, IonQ expects to build global quantum-secure networks.”
This acquisition coincides with IonQ's May 7th announcement regarding a separate agreement with Lightsynq Technologies, a Boston-based startup responsible for developing the first functional quantum repeater. Quantum repeaters are crucial for expanding the range of quantum communications, which are currently limited to shorter distances. IonQ has also established a memorandum of understanding with South Korea’s Intellian Technologies, a manufacturer of satellite communication antennas and gateways, to bolster the physical infrastructure of IonQ’s planned quantum key distribution network, facilitating both satellite-to-ground and satellite-to-satellite communications.
Frank Backes, CEO of Capella, stated that quantum technologies “have the potential to revolutionize space-based operations by enabling ultra-secure communications that transmit data to and from platforms with unmatched security.” Capella’s satellites, he added, will integrate with IonQ’s quantum capabilities to “enhance analytics, sensors and security to bolster commercial applications and global defense and intelligence missions.”