French Quantum Startup Pasqal (PSQL) Stock Soars 40% in Nasdaq Debut

TLDR

• Pasqal (PSQL) jumped as much as 73% on its Nasdaq debut August 28, before settling up around 40%
• The French quantum computing firm went public via a SPAC merger with Bleichroeder Acquisition Corp. II, valuing it at roughly $2 billion
• The deal gives Pasqal approximately $360 million in cash to expand production and commercialize its technology
• Pasqal has no current earnings or revenue metrics that apply standard valuation, making it a pure growth bet
• The company already has commercial contracts, including with Saudi Aramco, and has deployed seven quantum machines globally

Pasqal made its Nasdaq debut on August 28, 2026, with its stock surging as much as 73% before settling to a 40% gain by the end of the session. The stock trades under the ticker PSQL.

The French quantum computing company went public through a merger with blank-check company Bleichroeder Acquisition Corp. II. The deal values Pasqal at approximately $2 billion and left the company with around $360 million in cash.

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