{"id":348,"date":"2025-11-02T13:01:44","date_gmt":"2025-11-02T13:01:44","guid":{"rendered":"https:\/\/physicseconomy.com\/?p=348"},"modified":"2025-11-13T20:42:55","modified_gmt":"2025-11-13T19:42:55","slug":"fireflys-ipo-run","status":"publish","type":"post","link":"https:\/\/physicseconomy.com\/de\/uncategorized\/fireflys-ipo-run\/","title":{"rendered":"Fireflys B\u00f6rsengang"},"content":{"rendered":"<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\"><iframe loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\" frameborder=\"0\" scrolling=\"no\" width=\"100%\" height=\"350px\" src=\"https:\/\/api.stockdio.com\/visualization\/financial\/charts\/v1\/HistoricalPrices?app-key=D979C03F77D24A85ADC39FA5BEEBDF69&#038;wp=1&#038;showUserMenu=false&#038;symbol=FLY&#038;stockExchange=USA&#038;displayprices=Lines&#038;width=100%25&#038;height=100%25&#038;intraday=true&#038;allowPeriodChange=true\"><\/iframe><\/div>\n\n\n\n<p>Am 7. August 2025 ging Firefly Aerospace mit einem anf\u00e4nglichen Angebotspreis von 45 US-Dollar pro Aktie an die B\u00f6rse. Unmittelbar danach schnellte der Preis auf erstaunliche \u00fcber 70 US-Dollar pro Aktie, doch seitdem dominierten meist rote Zahlen. Heute werfen wir einen Blick hinter diese Zahlen.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\"><strong>Die 3 Gr\u00fcnde wieso FIREFLY Aerospace einen grauenhaften B\u00f6rsenlauf hatte:<\/strong><\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Bewertungs\u00fcberhang (Valuation Overhang):<\/strong> Die aggressive Preisgestaltung f\u00fchrte zu einem nicht nachhaltigen Bewertungs-Multiplikator, der auf das 29-fache des Kurs-Umsatz-Verh\u00e4ltnisses (KUV) gesch\u00e4tzt wurde. Als der Aktienkurs auf 70 US-Dollar pro Aktie explodierte, stieg das KUV sogar auf \u00fcber 96, was eine Blase erzeugte. Im Vergleich dazu liegt der Branchendurchschnitt beim KUV bei 3,1. Dies implizierte, dass jede Abweichung von einer prognostizierten, fehlerfreien Wachstumskurve einen massiven korrigierenden Ausverkauf ausl\u00f6sen w\u00fcrde (was letztendlich geschah).<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Best\u00e4tigung des Ausf\u00fchrungsrisikos (Execution Risk Confirmation):<\/strong> Die anschlie\u00dfende Meldung sich ausweitender Verluste und eine deutliche Verfehlung der Quartalsumsatzerwartungen im Q2 2025 widersprach direkt der Wachstums-Erz\u00e4hlung. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <img width=\"400\" height=\"252\" class=\"wp-image-383\" style=\"width: 400px\" src=\"http:\/\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-31-090508.png\" alt=\"\"> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Diese finanzielle Fragilit\u00e4t wurde unmittelbar durch einen erheblichen operativen R\u00fcckschlag versch\u00e4rft: Firefly Aerospace stellte seine Alpha-Kernrakete nach der Anomalie des sechsten Fluges im April 2025 unter Startverbot (ausgesetzt, bis die Probleme behoben sind). Der Missionsfehler wurde durch den Verlust der Triebwerksd\u00fcsenerweiterung der oberen Stufe verursacht und f\u00fchrte dazu, dass die Rakete die Umlaufbahn nicht erreichte. Dies hat den Aktienkurs von Firefly weiter gedr\u00fcckt, da es Bedenken hinsichtlich der Kerntechnologie des Unternehmens aufkommen lie\u00df.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Strukturelle Unreife:<\/strong> Der Weg des Unternehmens an die B\u00f6rse wurde durch eine obligatorische Unternehmensumstrukturierung erschwert, die 2022 eingeleitet wurde. Die von der US-Regierung geforderte Ver\u00e4u\u00dferung der kontrollierenden Beteiligung von Max Polyakov erforderte eine intensive Fokussierung auf regulatorische und Governance-Anforderungen. Dies f\u00fchrte wahrscheinlich zu einer Priorisierung der Unternehmensstabilisierung und des IPO-Zeitplans vor der notwendigen technischen Reife des Alpha-Tr\u00e4gersystems. Dieser strukturelle Druck resultierte in einem B\u00f6rsengang, bevor die Startzuverl\u00e4ssigkeit ausreichend nachgewiesen war. Kurz gesagt, das Unternehmen ging zu fr\u00fch an die B\u00f6rse, ohne ein perfekt ausgereiftes Produkt zu haben.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\">Comparative Post-IPO Performance of Space Public Listings<\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>Unternehmen (Ticker)<\/strong><\/td><td><strong>Datum des B\u00f6rsengangs<\/strong><\/td><td><strong>B\u00f6rsengangspreis ($)<\/strong><\/td><td><strong>Performance in % im Vergleich zum Anfangspreis<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Firefly Aerospace (FLY)<\/td><td>August 7<\/td><td>$45.00<\/td><td>Unter dem B\u00f6rsengangspreis von 45$ (momentan bei 24$)<\/td><\/tr><tr><td>Karman Holdings (KRMN)<\/td><td>Februar 13<\/td><td>$22.00<\/td><td>&gt;119% (Trading at &gt;3x IPO Price<\/td><\/tr><tr><td>Voyager Technologies (VOYG)<\/td><td>Juni 11<\/td><td>$31.00<\/td><td>Volatil (Beim oder unterm B\u00f6rsengangspreis)<\/td><\/tr><tr><td>Rocket Lab Corporation (RKLB)<\/td><td>August 2021<\/td><td>$11.30<\/td><td>&gt;540% (Trading at 63$)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Quellen:<\/strong><\/h5>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.morningstar.com\/news\/marketwatch\/2025092375\/firefly-aerospaces-stock-has-lost-its-shine-as-the-companys-first-earnings-report-disappoints\">https:\/\/www.morningstar.com\/news\/marketwatch\/2025092375\/firefly-aerospaces-stock-has-lost-its-shine-as-the-companys-first-earnings-report-disappoints<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/universemagazine.com\/en\/6-3-billion-space-company-saved-by-ukrainian-goes-public\/\">https:\/\/universemagazine.com\/en\/6-3-billion-space-company-saved-by-ukrainian-goes-public\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.morningstar.com\/news\/marketwatch\/20250807443\/moon-exploration-company-fireflys-stock-skyrockets-as-investors-pile-into-the-latest-space-ipo\">https:\/\/www.morningstar.com\/news\/marketwatch\/20250807443\/moon-exploration-company-fireflys-stock-skyrockets-as-investors-pile-into-the-latest-space-ipo<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.investopedia.com\/firefly-posts-widening-losses-after-rocket-mishap-the-stock-is-losing-its-buzz-after-a-big-ipo-11815184\">https:\/\/www.investopedia.com\/firefly-posts-widening-losses-after-rocket-mishap-the-stock-is-losing-its-buzz-after-a-big-ipo-11815184<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/en.wikipedia.org\/wiki\/Firefly_Alpha\">https:\/\/en.wikipedia.org\/wiki\/Firefly_Alpha<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.fool.com\/investing\/2025\/10\/01\/why-firefly-aerospace-stock-collapsed-35-last-mont\/\">https:\/\/www.fool.com\/investing\/2025\/10\/01\/why-firefly-aerospace-stock-collapsed-35-last-mont\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/max-polyakov-and-noosphere-released-by-us-from-restrictions-imposed-before-russian-invasion-of-ukraine-302192342.html\">https:\/\/www.prnewswire.com\/news-releases\/max-polyakov-and-noosphere-released-by-us-from-restrictions-imposed-before-russian-invasion-of-ukraine-302192342.html<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.knobbe.com\/blog\/firefly-aerospace-soars-in-6-3-billion-ipo-as-space-tech-investment-accelerates\/\">https:\/\/www.knobbe.com\/blog\/firefly-aerospace-soars-in-6-3-billion-ipo-as-space-tech-investment-accelerates\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.foley.com\/insights\/publications\/2025\/09\/spac-4-0-from-spectacular-failures-to-a-disciplined-renaissance\/\">https:\/\/www.foley.com\/insights\/publications\/2025\/09\/spac-4-0-from-spectacular-failures-to-a-disciplined-renaissance\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1860160\/000119312525165856\/d849748ds1a.htm\">https:\/\/www.sec.gov\/Archives\/edgar\/data\/1860160\/000119312525165856\/d849748ds1a.htm<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.northamericanexec.com\/news\/firefly-aerospace-rockets-to-10b-valuation-in-ipo-as-lunar-lander-builds-momentum\/\">https:\/\/www.northamericanexec.com\/news\/firefly-aerospace-rockets-to-10b-valuation-in-ipo-as-lunar-lander-builds-momentum\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/investors.fireflyspace.com\/news-releases\/news-release-details\/firefly-aerospace-announces-second-quarter-2025-financial\">https:\/\/investors.fireflyspace.com\/news-releases\/news-release-details\/firefly-aerospace-announces-second-quarter-2025-financial<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.space.com\/space-exploration\/launches-spacecraft\/firefly-aerospaces-alpha-rocket-fails-during-6th-ever-launch-falls-into-the-sea-near-antarctica\">https:\/\/www.space.com\/space-exploration\/launches-spacecraft\/firefly-aerospaces-alpha-rocket-fails-during-6th-ever-launch-falls-into-the-sea-near-antarctica<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.seradata.com\/unusual-plume-induced-aerothermodynamic-heating-effect-killed-sixth-firefly-alpha-launch\/\">https:\/\/www.seradata.com\/unusual-plume-induced-aerothermodynamic-heating-effect-killed-sixth-firefly-alpha-launch\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.youtube.com\/watch?v=1GJmG4yOHJg\">https:\/\/www.youtube.com\/watch?v=1GJmG4yOHJg<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/exportcompliancedaily.com\/news\/2022\/02\/18\/Ukrainian-Business-Man-to-Sell-Stake-in-US-Aerospace-Company-After-CFIUS-Probe-2202170014\">https:\/\/exportcompliancedaily.com\/news\/2022\/02\/18\/Ukrainian-Business-Man-to-Sell-Stake-in-US-Aerospace-Company-After-CFIUS-Probe-2202170014<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/research.contrary.com\/company\/firefly-aerospace\">https:\/\/research.contrary.com\/company\/firefly-aerospace<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.aeroequity.com\/ae-industrial-partners-reaches-a-definitive-agreement-to-acquire-a-significant-stake-in-firefly-aerospace-a-leading-provider-of-launch-and-in-space-vehicles\/\">https:\/\/www.aeroequity.com\/ae-industrial-partners-reaches-a-definitive-agreement-to-acquire-a-significant-stake-in-firefly-aerospace-a-leading-provider-of-launch-and-in-space-vehicles\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.nasdaq.com\/articles\/space-stock-firefly-aerospace-ipo-tomorrow-should-you-buy-it\">https:\/\/www.nasdaq.com\/articles\/space-stock-firefly-aerospace-ipo-tomorrow-should-you-buy-it<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.aeroequity.com\/team-member\/chris-emerson\/\">https:\/\/www.aeroequity.com\/team-member\/chris-emerson\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/impulso.space\/tools\/operators\/1054f7ba-caec-4ad0-983b-8c9df2baa5c3\">https:\/\/impulso.space\/tools\/operators\/1054f7ba-caec-4ad0-983b-8c9df2baa5c3<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/fireflyspace.com\/missions\/flta001-dream\/\">https:\/\/fireflyspace.com\/missions\/flta001-dream\/<\/a><\/td><\/tr><tr><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.nasdaq.com\/articles\/firefly-aerospace-ipo-could-be-one-years-biggest-it-overvalued\">https:\/\/www.nasdaq.com\/articles\/firefly-aerospace-ipo-could-be-one-years-biggest-it-overvalued<\/a><\/td><\/tr><\/tbody><\/table><\/figure>","protected":false},"excerpt":{"rendered":"<p>On the 7th of August 2025, Firefly Aerospace went public with an initial offering of 45$ per share. Immediately, the price spiked over an astonishing 70$ per share, but since then most of the numbers were red. Today, we are going to look behind the numbers. The 3 reasons why FIREFLY Aerospace had a horrible [&hellip;]<\/p>","protected":false},"author":1,"featured_media":382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_featured_media_url":"https:\/\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":455,"url":"https:\/\/physicseconomy.com\/de\/start-ups\/firefly-aerospace\/","url_meta":{"origin":348,"position":0},"title":"Firefly Aerospace","author":"admin","date":"November 13, 2025","format":false,"excerpt":"\u2013 End-to-End Space transportation provider, Launch and Lunar vehicles\u2013 2014 (restructuring 2017)\u2013 not profitable\u2013 publicly traded ($FLY)\u2013 MCAP: $973 million\u2013 Hold: 1; Buy: 4; Strong Buy: 1read more","rel":"","context":"In &quot;Start-Ups&quot;","block_context":{"text":"Start-Ups","link":"https:\/\/physicseconomy.com\/de\/category\/start-ups\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/10\/firefly-lgogo-e1761897566605.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":94,"url":"https:\/\/physicseconomy.com\/de\/uncategorized\/physicsx\/","url_meta":{"origin":348,"position":1},"title":"PhysicsX","author":"admin","date":"Juni 19, 2025","format":false,"excerpt":"Field: AI-driven Physics Simulation and Engineering Optimization Headquarters: London, UK Founded: (Emerged from stealth in 2023, but research\/development likely predates this) Core Innovation & Technology: PhysicsX's core innovation lies in its unique approach to fusing Artificial Intelligence with fundamental physics to accelerate engineering innovation. They are building a new software\u2026","rel":"","context":"\u00c4hnlicher Beitrag","block_context":{"text":"\u00c4hnlicher Beitrag","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/06\/PhysicsX.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":108,"url":"https:\/\/physicseconomy.com\/de\/uncategorized\/d-wave-technical-analysis\/","url_meta":{"origin":348,"position":2},"title":"D-WAVE: Technical Analysis","author":"admin","date":"Juli 21, 2025","format":false,"excerpt":"Facts: -currently not profitable -increasing R&D Investments -increasing Team and Ressource consumption -Trend of increasingly improving EPS (Earnings Per Share) D-Wave (QBTS) 1h Chart (20.07.2025) The 1 hour chart shows a consolidation in the last 59 days. Price range: 13,8 - 19,6$ The slight downward trend was broken on July\u2026","rel":"","context":"\u00c4hnlicher Beitrag","block_context":{"text":"\u00c4hnlicher Beitrag","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/1585653103_d-wave_systems_logo_story-e1753777454357.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/1585653103_d-wave_systems_logo_story-e1753777454357.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/1585653103_d-wave_systems_logo_story-e1753777454357.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/1585653103_d-wave_systems_logo_story-e1753777454357.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":120,"url":"https:\/\/physicseconomy.com\/de\/uncategorized\/quantum-computing-inc-qubt\/","url_meta":{"origin":348,"position":3},"title":"Quantum Computing Inc. (QUBT)","author":"admin","date":"Juli 29, 2025","format":false,"excerpt":"Field: Quantum Software Tools, Quantum Photonic Chip Foundry, and Quantum Machines Headquarters: Hoboken, New Jersey, USA \u00a0 Founded: 2001 (formerly Innovative Beverage Group Holdings, Inc.) \u00a0 Core Innovation & Technology: Quantum Computing Inc. (QCI) positions itself as an integrated photonics company that provides quantum machines to commercial and government markets\u2026","rel":"","context":"\u00c4hnlicher Beitrag","block_context":{"text":"\u00c4hnlicher Beitrag","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/Quantum_Computing_Logo_V1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":400,"url":"https:\/\/physicseconomy.com\/de\/uncategorized\/rklb-q3earnings\/","url_meta":{"origin":348,"position":4},"title":"Rocket Labs Q3 Earnings analysis","author":"admin","date":"November 11, 2025","format":false,"excerpt":"The Q3 2025 Earnings report has been outstanding for Rocket Lab. It bears the fruits of aggressive, strategic investment, which defines the company's future. EPS forecast (yahoo finance) I. Q3 2025 Earnings Analysis (Operational Strength vs. Investment Cost) Revenue and Margins Outperformed: Rocket Lab reported a record quarterly revenue of\u2026","rel":"","context":"\u00c4hnlicher Beitrag","block_context":{"text":"\u00c4hnlicher Beitrag","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/11\/rklb.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/11\/rklb.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/11\/rklb.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":104,"url":"https:\/\/physicseconomy.com\/de\/uncategorized\/d-wave-systems\/","url_meta":{"origin":348,"position":5},"title":"D-Wave Systems","author":"admin","date":"Juli 10, 2025","format":false,"excerpt":"Field: Quantum Computing (specifically Quantum Annealing and Hybrid Solutions) Headquarters: Burnaby, British Columbia, Canada Founded: 1999 Core Innovation & Technology: D-Wave Systems is a pioneer in the development and commercialization of quantum annealing computers. In contrast to universal, gate-based quantum computers, which are designed for a broad spectrum of calculations,\u2026","rel":"","context":"\u00c4hnlicher Beitrag","block_context":{"text":"\u00c4hnlicher Beitrag","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/sddefault.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/sddefault.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/physicseconomy.com\/wp-content\/uploads\/2025\/07\/sddefault.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/posts\/348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/comments?post=348"}],"version-history":[{"count":10,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/posts\/348\/revisions"}],"predecessor-version":[{"id":439,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/posts\/348\/revisions\/439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/media\/382"}],"wp:attachment":[{"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/media?parent=348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/categories?post=348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/physicseconomy.com\/de\/wp-json\/wp\/v2\/tags?post=348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}