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Milestones toward fault tolerance, larger logical-qubit targets, and supportive funding improve visibility and optionality for XNDU; near-term price sensitivity will hinge on execution progress and funding clarity, given high uncertainty in early-stage quantum hardware timelines.
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Xanadu unveiled a milestone-driven technology roadmap, outlining progress toward fault-tolerant, utility-scale photonic quantum computing. Core targets include reducing photon loss to 1.0x by 2030, achieving up to 200 logical qubits by 2029, 500 by 2030 and 1,000+ by 2031, and constructing a Qubit Factory in 2026–2027. Funding from government programs and SATM further support the plan, signaling long-term upside albeit with execution risk.
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