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Rigetti Computing gains $100M US government funding, advancing quantum tech with new commercial deals.

Market News
13 Oct 2026
Seeking Alpha
View Source
Bullish
Rigetti Computing gains $100M US government funding, advancing quantum tech with new commercial deals.

Rigetti Computing is moving from hype to real progress with $100 million in U.S. government R&D funding and an $8.4 million commercial contract with C-DAC. Despite high valuation metrics and negative margins, its strong cash position and no debt support continued growth. Key upcoming events include Q3 earnings, deployment of a 108-qubit system, and further commercial wins, which will be crucial for its long-term success in quantum technology.

Rigetti Computing (RGTI) trades at USD 13.21 on Pluang as of Oct 13, 2026 17:01 WIB, near its 52-week low of USD 12.90 and far below its 52-week high of USD 56.34. Despite the recent 0.30% dip, the stock sees strong buying interest with 81% of orders on Pluang being buys, reflecting investor focus on its growth potential amid ongoing developments in quantum technology.

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