A few thoughts on the $IONQ Elisity deal: • The dilution stings for existing shareholders (me) • but the acquisition undoubtedly fits into the ecosystem they are building • today’s move on price action is roughly equal to the implied dilution • purchase price seems high relative to prior acquisitions such as Oxford Ionics • price does NOT seem high relative to other cybersecurity companies • anyone who believes this is just “buying revenue”, as opposed to vertically integrating their platform, is clueless 🤣 As usual I stay focused on the longterm vision🫡
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