Rigetti (RGTI) Quantum Stock Rockets on Big Deals – Is the $10B Hype Real?
Key Facts: Rigetti’s stock is near record highs, giving it a market capitalization around $11.5 billion public.com. 2025 has seen an enormous rally, fueled by major contracts. In late September 2025 Rigetti announced $5.7M in new Novera quantum computer orders datacenterdynamics.com insidermonkey.com and a $5.8M U.S. Air Force quantum networking deal rigetti.com. By Q2 2025 Rigetti’s revenues were still very small and losses large, but it raised ~$385M in equity and had $571.6M cash, no debt globenewswire.com. Analysts’ consensus is “Strong Buy”, though average 12-month targets sit well below current prices public.com.
