PsiQuantum has amended its original plan for a Brisbane Airport quantum computer facility to a more suitable industrial site in Moreton Bay Central. The $940 million project, jointly funded by the Australian federal and Queensland governments, aims to accelerate development on the world's first utility-scale quantum computer.
- PsiQuantum moves $940M quantum build from Brisbane Airport to Moreton Bay
- New site offers industrial infrastructure and Olympic Games precinct access
- Federal and Queensland governments back project amid past funding scrutiny
What happened
PsiQuantum decided to relocate its quantum computer development from the original Brisbane Airport site to Moreton Bay Central, the location of the old Petrie Paper Mill. Early site preparations are expected imminently, with a formal groundbreaking ceremony planned for June 2026. This follows delays reported earlier in the year related to consultation and planning at the airport precinct.
The company cited Moreton Bay’s robust infrastructure, scalability, and collaborative environment as key factors for the move. Moreton Bay is also primed to leverage upcoming 2032 Brisbane Olympic Games developments, including advanced educational facilities focused on manufacturing and technology.
Why it matters
PsiQuantum’s project, valued at $940 million through a combined $470 million investment each by federal and Queensland governments, represents a landmark investment in Australia’s positioning in quantum computing and advanced manufacturing. The project aims to build the world’s first utility-scale quantum computer, a significant milestone in the global technology race.
Relocating to Moreton Bay not only overcomes previous logistical hurdles but also promises stronger regional economic benefits. Local leadership highlights anticipated creation of highly skilled jobs, attraction of new industry, and strengthening of Queensland’s future technology capabilities. This move also signals strategic industry partnerships and government commitment despite earlier advisory warnings on funding risks.
What to watch next
Key upcoming developments include the June groundbreaking and commencement of construction at the Moreton Bay site. Observers should monitor how quickly site work advances given the prior delays and infrastructure demands of a cryogenically-cooled quantum computer.
Additionally, PsiQuantum’s launch of a Test and Validation Lab at Griffith University’s Nathan campus next week will be critical for progressing quantum hardware development. The company’s recent Series E funding round boosted its valuation to A$10.5 billion and highlighted strong backing from major US investors, positioning it for continued growth and innovation.