Third Point CEO Reveals Government Made Tough Investment Deal in Quantum Company

What was said

"We were just super impressed that they how they contracted with us to engage with them in cryptography and to meet the government's needs, but also in the financial component. They drove a really tough bargain. The government, the taxpayers are going to make a ton of money on this."

Dan Loeb disclosed that portfolio company Atom Computing received government funding with unusually favorable terms for taxpayers. He praised the Biden administration's rare success in a public-private partnership where the government acts as both investor and customer in quantum computing, specifically cryptography applications, noting the government will capture significant financial returns.