IONQ

 

 

**Core Business of IonQ (Ticker: IONQ)**  
IonQ, Inc. is a quantum computing and networking company focused on developing general-purpose trapped-ion quantum computers and related software to solve complex problems across various industries. Its core business involves designing, building, and providing access to quantum computers through cloud platforms like Amazon Web Services (AWS) Amazon Braket, Microsoft Azure Quantum, and Google Cloud Marketplace, as well as its own cloud service. IonQ also offers quantum-safe networking solutions, including quantum key distribution systems, quantum random number generators, and single-photon detectors. Additionally, the company provides consulting services for algorithm development and contracts for specialized quantum computing hardware, maintenance, and support. IonQ aims to address challenges in fields like cryptography, drug discovery, financial modeling, materials science, and artificial intelligence by leveraging the unique computational power of quantum mechanics.[](https://finance.yahoo.com/quote/IONQ/profile/)[](https://finance.yahoo.com/quote/IONQ/)[](https://leadiq.com/c/ionq/5a1d88b22400002400625080)

 

**Total Addressable Market (TAM)**  
The total addressable market for quantum computing is projected to be significant, with estimates varying by source. Consulting firm McKinsey projects a TAM of $87 billion by 2035, while Boston Consulting Group estimates quantum computing and networking could create up to $880 billion in economic value by 2040. In 2021, IonQ’s leadership, in collaboration with dMY Technology Group III, estimated a market opportunity of approximately $65 billion by 2030. These projections reflect the potential for quantum computing to revolutionize industries such as AI, cryptography, drug discovery, and materials science, with IonQ positioned to capture a portion of this growing market.[](https://www.theglobeandmail.com/investing/markets/stocks/MSFT/pressreleases/32542505/is-ionq-stock-your-ticket-to-becoming-a-millionaire/)[](https://ionq.com/news/march-08-2021-ionq-to-become-first-public-quantum-computer-company)

 

**CEO Background Summary**  
Niccolo de Masi has been IonQ’s President and CEO since February 26, 2025, succeeding Peter Chapman, who transitioned to Executive Chair. De Masi, a physicist by training with a B.A. and Master of Science in Physics from Cambridge University, has extensive experience as a public company executive. He has served as CEO for multiple companies, including Monstermob Group, Resideo Technologies, Glu Mobile, and dMY Squared Technology Group. He was also CEO of dMY Technology Group III, which facilitated IonQ’s public listing via a SPAC merger in 2021. De Masi has served on the boards of 14 public companies, including IonQ since 2021, and has raised over $3 billion in equity for public and private companies. His early career included roles at Siemens Solar and Technicolor, and he has a strong background in deep tech, mobile, and enterprise software-hardware ecosystems, with significant expertise in public market corporate governance.[](https://ionq.com/news/ionq-names-niccolo-de-masi-as-president-and-chief-executive-officer)[](https://thequantuminsider.com/2025/02/26/ionq-names-niccolo-de-masi-as-president-chief-executive-officer/)[](https://finance.yahoo.com/news/ionq-names-niccolo-masi-president-210500982.html)

 

*Disclaimer: Financial and market projections are based on available sources and subject to change. Always consult primary sources for investment decisions.*