The quantum computing industry, long seen as a realm of theoretical promise, is beginning to chart a path toward profitability, drawing inspiration from an unlikely source: SpaceX.

Finnish startup IQM, a leader in quantum hardware, recently shared insights at the TNW Conference about how the aerospace giant’s business model is shaping their approach to commercializing quantum technology. According to The Next Web, IQM’s leadership sees parallels between SpaceX’s iterative, customer-focused innovation and the steps needed to bring quantum computing into the mainstream.

At the heart of this inspiration is SpaceX’s ability to turn ambitious, high-risk projects into revenue-generating enterprises through strategic partnerships and a relentless focus on practical application. IQM is adopting a similar mindset, prioritizing real-world use cases for quantum systems over purely academic pursuits. The company has already made significant strides, producing full-stack quantum computers and partnering with major players like Amazon Web Services to offer cloud-based quantum services. This approach mirrors SpaceX’s strategy of leveraging government contracts and private sector demand to fund and refine its technology.

A Blueprint for Quantum Success

For industry insiders, the comparison to SpaceX offers a compelling framework for understanding how quantum computing can transition from research labs to boardrooms. SpaceX didn’t just build rockets; it created a market by solving specific problems, such as reducing launch costs and enabling satellite constellations. Similarly, IQM is focusing on niche applications where quantum computing can deliver immediate value, such as cryptography, drug discovery, and materials science, as highlighted by The Next Web.

This targeted approach is already yielding results. IQM has reported generating serious revenue, a rarity in an industry often associated with long timelines and speculative returns. By aligning their development with customer needs—much like SpaceX did with reusable rockets—IQM is positioning itself as a frontrunner in a field crowded with competitors still grappling with technical hurdles.

Overcoming Industry Challenges

Yet, the road ahead for quantum computing is not without obstacles, and the SpaceX model offers lessons here as well. Just as Elon Musk’s company faced skepticism and setbacks before achieving consistent success, IQM must navigate the inherent complexities of quantum systems, including error correction and scalability. The Next Web notes that IQM’s leadership is acutely aware of these challenges and is adopting an iterative mindset, much like SpaceX’s rapid prototyping cycles, to refine their hardware and software.

Moreover, the quantum industry faces a perception problem, often viewed as esoteric or decades away from practical use. IQM’s strategy, inspired by SpaceX’s ability to shift public and investor narratives through tangible milestones, involves showcasing early wins and building trust with enterprise clients. This pragmatic focus could redefine how stakeholders view quantum computing’s timeline to utility.

A Future Built on Inspiration

Ultimately, IQM’s adoption of a SpaceX-inspired playbook signals a broader shift in the quantum sector toward commercialization and accountability. By emphasizing revenue generation and customer-driven innovation, as reported by The Next Web, the company is laying the groundwork for a sustainable business model in a field once thought to be purely futuristic.

For industry watchers, this development is a reminder that even the most cutting-edge technologies can find their footing by borrowing from proven disruptors. As IQM continues to iterate and expand, its journey may well become a case study for how to turn quantum dreams into profitable realities, much like SpaceX did for space exploration.