PsiQuantum Receives Conditional $150M Loan Commitment to Advance US Quantum Computing

PALO ALTO, Calif., Oct. 8, 2026 — PsiQuantum announced today that the company has received a conditional commitment for a loan of up to $150 million from the U.S. Department of Defense’s Office of Strategic Capital (OSC), which would expand the company’s advanced manufacturing and prototyping capabilities in the United States.

The financing would support PsiQuantum’s 140,000-square-foot hub in Milpitas, California, for scaling the company’s state-of-the-art technologies and developing and validating the prototype systems that underpin its fault-tolerant quantum computing architecture. Combined with co-investment from PsiQuantum, which anchors its supply chain in the United States, this new financing would strengthen the company’s domestic capacity for design, testing, and system integration as PsiQuantum advances toward building utility-scale, fault-tolerant quantum computers in the United States.

“Today’s announcement shows the U.S. government’s bold leadership and continued commitment to quantum computing as a critical technology for America’s economic prosperity and national security,” said Victor Peng, Chief Executive Officer of PsiQuantum. “Delivering on the full promise of this technology in the United States will require world-class manufacturing and engineering ecosystems, and this potential financing underscores the vital role Washington can play.”