The U.S government now owns a piece of 35 companies
They paid cash, swapped grants, or took warrants
Here's the full list:
Chips & quantum
• Intel
$INTC: $8.9B for a 9.9% stake
• GlobalFoundries
$GFS: ~7% stake, worth over $2B
• Wolfspeed
$WOLF: $1.5B loan, warrants for 7.5%
• IBM
$IBM: $1B for minority stake in quantum foundry
• D-Wave
$QBTS: $100M in stock at a 15% discount
• Rigetti
$RGTI: $100M in stock at a 15% discount
• Quantinuum
$QNT: $100M in stock
• Infleqtion
$INFQ: $100M in stock at a 15% discount
• Aeluma
$ALMU: up to $30M in stock
• PsiQuantum: $100M for a minority stake
• Atom Computing: $100M for a minority stake
• SandboxAQ: $500M for a non-voting stake
• I-Pulse: $250M for a minority stake
• Kepler Computing: $245M for a minority stake
• Multibeam: $140M for a minority stake
• xLight: $150M for a stake
• Extropic: up to $75M for a minority stake
• Thintronics: up to $50M for a minority stake
• Diraq: up to $38M for a minority stake
• OBSIDIA: $34M for a minority stake
Mining & metals
• MP Materials
$MP: $400M for ~15% of the company
• Trilogy Metals
$TMQ: 10% stake + warrants for 7.5%
• Lithium Americas
$LAC: warrants 5% + 5% of its mine
• USA Rare Earth
$USAR: $277M in stock and warrants
• Korea Zinc: $1.4B for 40% of a Tennessee smelter
• Elmet Group: $450M, warrants for up to 19.9%
• Vulcan Elements: $50M in equity plus a $620M loan
• ReElement: $80M loan plus warrants
• Atlantic Alumina: $400M in preferred stock
• Strategic Bauxite: $85.5M in equity
• Hertha Metals: $65M stake in a steel startup
Defense, energy, oil
• L3Harris
$LHX: $1B for preferred stock
• Westinghouse: 20% of profits if it IPOs above $30B
• US Steel: one golden share with veto power
• North American Blue Energy: 35% of Venezuelan oil company