Rigetti (RGTI) Quantum Computing Stock Soars on Major Orders and Partnerships
Rigetti shares surged to $35.40 on Oct. 2, up 18.6% in heavy trading after announcing $5.7 million in new quantum computer orders. The company also secured a $5.8 million U.S. Air Force contract in September and expanded partnerships with Quanta Computer and India’s C-DAC. In August, Rigetti launched a 36-qubit system and reported $1.8 million Q2 revenue, with $571.6 million cash after a $350 million equity raise.