Honeywell, will be spinning off its ion trap system within a year and go public. It already is getting contracts at the rate of 4 to 1 better than IONQ. Its a direct threat to IONQ,

Honeywell Quantum Solutions has developed the worlds highest-performing quantum computers based on trapped-ion technology, and Cambridge Quantum is the global leader in software and algorithms used across multiple quantum platforms. By coming together as Quantinumm, the new company will offer an integrated end to end quantum platform that is entirely platform agnostic.