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