Rigetti (RGTI) Quantum Stock Rockets on Big Deals – Is the $10B Hype Real?
Rigetti shares traded near record highs at $35–39 on Oct. 3, 2025, pushing its market cap to $11.5 billion, up about 2,500% over 12 months. The rally follows new quantum computing orders and a $5.8 million U.S. Air Force deal. Despite just $1.8 million in Q2 revenue and a $39.7 million net loss, Rigetti raised $385 million in equity and held $571.6 million cash with no debt. Analyst price targets lag current levels.