Rigetti’s $13 Billion Quantum Leap – Stock Hits Record High on Big Deals, But Is the Hype Real?
Rigetti Computing shares hit a record $40 on October 6, 2025, up roughly 2,500% over 12 months as its market cap neared $13 billion. The surge followed $11.5 million in new contracts, including a U.S. Air Force deal, and major tech milestones. Q2 revenue fell to $1.8 million with a $39.7 million net loss. Analysts remain bullish but set average price targets near $20, far below current levels.