PsiQuantum is a private company and has not filed a registration statement for an IPO. Its most notable 2026 change was in leadership, not on a stock exchange: on February 10, 2026, the company announced Victor Peng, a former President at AMD and former CEO of Xilinx, as Interim CEO, with co-founder Jeremy O'Brien moving to Executive Chairman while the board searches for a permanent chief executive. PsiQuantum's own newsroom announced $1 billion in Series E funding on September 10, 2025 at a reported $7 billion valuation; other outlets reported the round's eventual total reached $1.5 billion, pushing the widely cited valuation to $10.5 billion. Through both the funding and the leadership change, the company has consistently reaffirmed a target of delivering a commercially useful, fault-tolerant quantum computer by 2027, a technical roadmap, not a listing timeline. Track SEC EDGAR and PsiQuantum's own newsroom directly, not rumors or secondary-market chatter.
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Key points
A CEO change framed around execution, not an exit
On February 10, 2026, PsiQuantum announced that Victor Peng, who spent over a decade in senior roles at AMD and Xilinx, including as CEO of Xilinx through its roughly $49 billion acquisition by AMD, would join as Interim CEO. Co-founder Jeremy O'Brien moved to Executive Chairman, continuing to lead the board and the company's strategy and partnerships, while a search for a permanent CEO continues.
PsiQuantum's own announcement described the move as preparation for "large-scale deployment and execution" of its quantum computing systems, not for a stock listing. A CEO transition can sometimes precede a company's public-market debut, but PsiQuantum's own language ties this one to hardware deployment in Chicago and Brisbane, not to Wall Street.
What the funding actually shows
PsiQuantum's own newsroom announced $1 billion in Series E funding on September 10, 2025, at a reported $7 billion valuation, with investors reported to include BlackRock and Nvidia. Other outlets covering the same round in more detail days later reported the total had reached $1.5 billion and pushed the company's valuation to a widely cited $10.5 billion.
That is a large private round by any measure, but it is a funding event, not an IPO step. PsiQuantum also disclosed a $125 million expanded DARPA agreement and advancement to the final stage of DARPA's Quantum Benchmarking Initiative in 2025, both government-contract and research milestones rather than public-market ones.
The 2027 target is about the computer, not the stock
Since at least its September 2025 raise, PsiQuantum has consistently said it expects to deliver a commercially useful, fault-tolerant quantum computer by 2027, built around its silicon photonic Omega chipset manufactured at GlobalFoundries and deployed at utility-scale sites in Chicago and Brisbane, Australia.
That is a hardware and engineering roadmap. Nothing in PsiQuantum's public statements ties 2027, or any other year, to a public listing, and frontier-hardware delivery dates are themselves not guarantees. Until an S-1 appears on EDGAR, or the company makes an explicit announcement, there is no real IPO timeline to track.
Private-share data lens
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Growth rounds
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Segmara listing
Current
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Seed-to-IPO path
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Early data22%
Growth data46%
Segmara mark68%
IPO/public18%
AI-ready data summary
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Context
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/blog/when-will-psiquantum-ipo
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Article title
When Will PsiQuantum IPO? It Just Got a New CEO, Not a New Filing
Main page topic.
Attached public sources
3
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Segmara listed companies
51
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Priced listings
37
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14
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Company
PsiQuantum
Named company covered by this page.
Symbol label
PSIQ
Segmara display symbol; not a public stock ticker unless separately stated.
Sector
Quantum Hardware
Catalogue sector used for comparison and internal linking.
Listing structure
Unpriced
How the listing is categorized on Segmara.
Segmara mark
No indicative price yet
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Sector peer count
1
Number of live Segmara listings in Quantum Hardware.
Structure peer count
14
Number of live Segmara listings categorized as Unpriced.
Data fingerprint chart
Stage
Timing
Price / valuation signal
Interpretation
Formation
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Segmara listing
Current
No indicative price yet
Indicative reference only, not a quote or an offer.
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Future
IPO, tender, acquisition, or continued private status
Liquidity timing remains company-specific.
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Interpretation
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Search intent
Searches like 'When Will PsiQuantum IPO? It Just Got a New CEO, Not a New Filing' are research questions: what a filing or a company statement confirms, what has only been reported, and what is still unknown.
What counts as a listing step
For an IPO, the primary record is a registration statement filed with the securities regulator of the listing market, such as an S-1 or F-1 on SEC EDGAR for a US listing. Funding rounds, valuations and secondary-market prices are context, not listing steps.
Segmara role
Segmara is an independent research site. It does not sell, broker, or arrange share purchases, and nothing on this page is investment advice.
How a company reaches a US listing
The SEC filing trail
DraftThe company can first submit a draft registration statement (DRS) for confidential SEC review.
S-1 or F-1The registration statement goes public on SEC EDGAR: Form S-1, or Form F-1 for many foreign companies. A company that used a draft must file publicly at least 15 days before its roadshow.
AmendmentsS-1/A or F-1/A amendments answer SEC comments, and one of them adds the expected price range.
PricingOnce the SEC declares the registration effective, the company sets the price with its underwriters and files the final prospectus, usually a 424B4.
First tradeThe shares start trading on the exchange named in the prospectus, such as Nasdaq or the NYSE.
Segmara Pro checks SEC EDGAR for PsiQuantum filings every weekday and posts an alert in the members forum when one of these public filings appears. You can also check yourself with EDGAR full-text search.
No S-1 or F-1 exists for PsiQuantum on SEC EDGAR as of the latest site review, and its February 10, 2026 leadership change was framed by the company itself as preparation for "large-scale deployment and execution," not for a public listing.
On February 10, 2026, PsiQuantum named Victor Peng, formerly President at AMD and CEO of Xilinx, as Interim CEO, with co-founder Jeremy O'Brien moving to Executive Chairman while the company searches for a permanent CEO.
PsiQuantum announced $1 billion in Series E funding on September 10, 2025 at a reported $7 billion valuation; the round's eventual total was widely reported at $1.5 billion, pushing the cited valuation to $10.5 billion.
Risk notes
Rumor risk: unofficial dates, valuations, or funding details circulating on social media or forums are frequently wrong or outdated and should not be treated as confirmation of anything.
Illiquidity risk: any private-market interest, indicative marks, or pre-IPO share arrangements in a company that has not filed to go public can be difficult to exit and may not reflect a tradable price.
Timing risk: a company can pause, restart, or abandon IPO preparation at any stage, including after a confidential draft filing, so no step before an effective registration statement guarantees a listing will occur.
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What is the easiest next step?
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Has PsiQuantum confirmed an IPO date?
No. As of the latest site review, no S-1 or F-1 has been filed for PsiQuantum, and its February 2026 leadership announcement described the CEO change as preparation for deployment and execution of its quantum computers, not for a stock listing.
Why did PsiQuantum get a new CEO?
On February 10, 2026, the company said Victor Peng, a veteran AMD and Xilinx executive, would serve as Interim CEO as PsiQuantum "enters its next phase of scale and execution," with co-founder Jeremy O'Brien becoming Executive Chairman while a permanent-CEO search continues.
What is PsiQuantum worth?
PsiQuantum announced $1 billion in Series E funding on September 10, 2025 at a reported $7 billion valuation. Other outlets reported the round's final total at $1.5 billion, implying a widely cited $10.5 billion valuation. Both figures are private-market data points, not a public share price.
When does PsiQuantum expect its quantum computer to be ready?
The company has repeatedly targeted 2027 for a commercially useful, fault-tolerant quantum computer, including utility-scale sites under construction in Chicago and Brisbane, Australia. That is a technology roadmap, not a stock-market date, and delivery timelines for frontier hardware can slip.
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Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases.