Rigetti (RGTI) Quantum Stock Rockets on Big Deals – Is the $10B Hype Real?
Key Facts: Rigetti’s stock is near record highs (~$35–39 as of Oct 3, 2025 nasdaq.com), giving it a market capitalization around $11.5 billion public.com (up ~2,500% over 12 months public.com). 2025 has seen an enormous rally (RGTI is up ~127% YTD tipranks.com), 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 (~$1.8M in Q2) and losses large (net loss $39.7M globenewswire.com), but it raised ~$385M in equity (including a $350M ATM)