On June 15, Infleqtion rose 8.05% overnight, trading at $14.48/share, with turnover of $2.4488 million. The rebound follows news that Google disclosed its withdrawal from the Trump administration's $2 billion quantum computing funding program, citing incompatible conditions with its internal R&D timeline.

Infleqtion was named among the nine companies ultimately selected to receive funding under the plan, sourced from the CHIPS and Science Act. Notable exclusions include Google, Microsoft, and IonQ. Market analysts noted that companies not selected may face a relative disadvantage in future US government quantum procurement contracts, effectively strengthening the competitive positioning of recipients like Infleqtion.

The stock had previously declined amid sustained selling pressure from director-affiliated fund Maverick Capital, which reduced holdings by over 11 million shares in late May. With those overhangs partially absorbed and the government funding catalyst emerging, the stock appears to be recovering from its recent pullback that brought shares to the $13.42 level.

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