Rigetti (RGTI) Stock Rockets 5,000% on Big Quantum Deals — Bubble Warning Looms
Rigetti Computing shares jumped from under $1 to about $56 by mid-October, pushing its market value to around $16–18 billion despite annual revenue of just $8–10 million. The company secured $21 million in recent government and commercial deals and unveiled a new 36-qubit processor. Trading volumes spiked, with the stock swinging sharply. Rigetti raised $350 million in mid-2025, ending Q2 with $572 million in cash.