$BACQ is the most attractive risk/reward stock on the market right now. The stock price could triple soon.
While Washington, D.C., debates whether to provide millions in subsidies to quantum computing companies that won't deliver results in a decade, companies with real national security implications are being valued at $800 million (pre-money valuation of ~$925 million) with actual Pentagon contracts already awarded. The stock price could soar to $3 billion (~$30), and no one cares.
If the government were serious about investing in strategic technologies, they would support this stock—and at a reasonable price.
Wall Street has completely lost its way. The quantum stock rally is riding on the hope that the government will spend millions to "advance American technology"—$IONQ is valued at $23 billion on $38 million in revenue (340x sales), while virtually no one has a working quantum computer. $RGTI? Try it, $6.7 million in quarterly revenue and a $12 billion valuation. These technologies, trading at a whopping 1,796 times earnings, are still a decade away from truly being effective.
Merlin Labs' $BACQ company has over $105 million in actual contracts with the Pentagon. It's currently flying on five different military aircraft. It has a C-130J autonomous transport contract with the U.S. Special Operations Command. It's working with the U.S. Air Force on the KC-135 program. It also has partnerships with GE Aerospace and Northrop Grumman.
Autonomous military aviation isn't a nice-to-have—it's as essential as a rare earth supply chain and domestic chip manufacturing. And you can buy it for just one-twenty-fifth the valuation of a company selling scientific experiments. The SPAC's floor price of $10 provides a built-in hedge, while Quantum stock is priced for perfection. Show us another scenario with this kind of asymmetry!