Find me another quantum startup on the Nasdaq. Outside of Google, Amazon and the like (who aren't really all that clear on what exactly they are researching in terms of quantum tech), I dont think there are any other Quantum chip manufacturers (happy to be corrected). Most of our competitors are private firms.
The pool may be big but we have very few direct competitors, let alone listed ones. Investors (especially US ones where the markets are much less conservative when compared with the ASX), pay for scarcity. A prime example of this was TSLA, a first mover in the EV space that reaped the rewards of limited competition as investors flocked to secure a piece of the EV revolution.
Hopefully, AXE will follow a similar path, whether that be here (as we have seen recently albeit to a far lesser extent), or overseas.
GLTAH
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