Rigetti Reveals Plan for 1,000+ Qubit System by 2027 and Strengthens Global Collaborations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Source: SeekingAlpha
Management Insights: Rigetti Computing's CEO highlighted strong demand for quantum computers and outlined a roadmap for delivering systems with increasing qubit counts and fidelity, aiming for a 1,000-plus qubit system by 2027.
Financial Performance: The company reported Q3 2025 revenues of $1.9 million, down from $2.4 million in Q3 2024, with gross margins significantly lower at 21%, attributed to contract pricing variability and the expiration of government funding.
Future Outlook: Rigetti expects revenue growth from recent contracts and system sales, while maintaining focus on achieving higher fidelity and error correction to reach quantum advantage between 2027 and 2029.
Risks and Challenges: Management acknowledged potential impacts from the pending reauthorization of the National Quantum Initiative and the need for significant capital expenditures for future upgrades, while also addressing feedback from DARPA on technical challenges.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 17.940
Low
30.00
Averages
39.75
High
51.00
Current: 17.940
Low
30.00
Averages
39.75
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quantum Computing Gains Government Funding Support
- Government Funding Injection: In May 2026, the U.S. Department of Commerce announced approximately $2 billion in funding for the quantum industry under the CHIPS and Science Act, with direct equity investments for several companies, significantly boosting quantum stock performance and indicating strong governmental support for the sector.
- Diverse Quantum Computing Architectures: Companies like IonQ, Rigetti Computing, and D-Wave Quantum are pursuing different technological paths in quantum computing, with IonQ focusing on trapped-ion systems and Rigetti developing modular superconducting chips, highlighting the market's demand for diverse technologies amid future uncertainties.
- Urgency of Encryption Security: With the NSA's CNSA 2.0 framework establishing a timeline for adopting quantum-safe algorithms, enterprises and governments must rapidly replace existing encryption technologies before quantum computers become powerful enough to break current systems, emphasizing the critical need for timely action.
- Market Risks and Opportunities: Despite government backing, the quantum sector remains in the NISQ era, lacking mature commercial applications, prompting investors to approach with caution and consider quantum investments as small, diversified long-term positions rather than expecting immediate returns.
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Congress Members Disclose SpaceX Stock Purchases Post-IPO
- Congressional Trading Disclosure: Representatives Dan Meuser and Gil Cisneros disclosed stock purchases in SpaceX following its IPO, with Meuser's dependent child buying between $15,001 and $50,000 on June 15, and Cisneros purchasing between $1,001 and $15,000 on June 18, indicating confidence in the company's future prospects.
- IPO Market Response: SpaceX went public on June 12 with a market cap exceeding $2 trillion, marking the largest IPO in history, opening at $150 and quickly pushing its valuation past $2 trillion, reflecting strong market demand for Musk's ventures and artificial intelligence initiatives.
- Political Sensitivity: The trades are politically sensitive due to the members' committee assignments, with Meuser serving on the Financial Services Committee overseeing securities and exchanges, while Cisneros is on the Armed Services Committee, which oversees the Defense Department, a major SpaceX customer.
- Future Trading Expectations: More disclosures from Congress members are anticipated in the coming weeks, with ethics watchdogs suggesting this may only be the tip of the iceberg, as many lawmakers are likely to have engaged in trading related to SpaceX's IPO, highlighting ongoing interest in tech company listings.
See More
Intense Competition Among Quantum Computing Firms
- Changing Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for market attention in quantum computing, indicating an intensifying competition that could influence investor decisions.
- Dual Challenge of Technology and Funding: While technological advancements are crucial, the outcome of the race to 2028 may increasingly depend on cash runway and dilution risks, making financial management a key factor for survival.
- Market Dynamics Analysis: Market prices as of June 24, 2026, reveal fluctuations in quantum computing stocks, reflecting varying investor expectations about future technological developments, which may lead to a reassessment of these companies' valuations.
- Investor Focus: With technology still maturing, investors need to pay close attention to the financial health of these companies to determine which ones can survive and achieve profitability in the future competition.
See More
Intense Competition Among Quantum Computing Firms
- Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for attention in the quantum computing sector, indicating an intensifying competition that could influence investor decisions and market dynamics.
- Cash Flow and Dilution Risks: As the race to 2028 unfolds, the sustainability of cash flow and the risk of equity dilution will be critical factors determining which companies survive, thereby impacting potential investor returns.
- Investment Recommendations: While IBM was not included in the current list of top investment stocks, the other 10 stocks recommended by the analyst team could yield substantial returns in the coming years, reflecting a cautious market sentiment towards the quantum computing sector.
- Market Performance Comparison: With Stock Advisor's total average return at 902%, significantly surpassing the S&P 500's 209%, it highlights the higher risks and uncertainties that quantum computing companies may face when selecting investments.
See More
Insider Selling Signals Caution in Quantum Computing Stocks
- Insider Trading Warning: Since June 18, 2024, executives at IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold approximately $857 million in stock, indicating concerns about future market prospects that could undermine investor confidence.
- Net Selling Figures: IonQ reported a net selling of $454.1 million, Rigetti Computing $71.5 million, and D-Wave Quantum $331.1 million, reflecting a pessimistic outlook from insiders regarding the companies' future performance, which may lead to stock price volatility.
- Lack of Buying Signals: Over the past two years, insider purchases have been minimal, with IonQ at $2.25 million, D-Wave Quantum at just $1,795, and Rigetti with no purchases, indicating a lack of confidence among executives that could negatively impact market sentiment.
- Valuation Bubble Risk: While quantum computing companies show rapid growth potential, their price-to-sales ratios are in bubble territory, and historical data suggests that investors often overestimate the speed of technology adoption, potentially increasing future investment risks.
See More
Insider Trading Warning for Quantum Computing Stocks
- Insider Trading Trends: Over the past two years, insiders at IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold nearly $857 million in stock, indicating a lack of confidence in the companies' futures, which may affect investor sentiment towards these highly valued stocks.
- Scarcity of Insider Buying: While IonQ has seen approximately $2.25 million in insider purchases, D-Wave Quantum has only recorded $1,795, and Rigetti has had no insider purchases at all, reflecting a cautious attitude among executives regarding the companies' prospects.
- Market Valuation Bubble: The price-to-sales ratios of quantum computing stocks are firmly in bubble territory, and although these companies have the potential for rapid growth in the coming years, the market often overestimates the speed of technology adoption, posing risks for investors.
- Investor Caution: Given the lack of insider buying, everyday investors should carefully consider investing in IonQ, especially since the Motley Fool's analyst team has identified ten other stocks with potential, excluding IonQ from their recommendations.
See More
Quantum Computing Gains Government Funding Support
- Government Funding Injection: In May 2026, the U.S. Department of Commerce announced approximately $2 billion in funding for the quantum industry under the CHIPS and Science Act, with direct equity investments for several companies, significantly boosting quantum stock performance and indicating strong governmental support for the sector.
- Diverse Quantum Computing Architectures: Companies like IonQ, Rigetti Computing, and D-Wave Quantum are pursuing different technological paths in quantum computing, with IonQ focusing on trapped-ion systems and Rigetti developing modular superconducting chips, highlighting the market's demand for diverse technologies amid future uncertainties.
- Urgency of Encryption Security: With the NSA's CNSA 2.0 framework establishing a timeline for adopting quantum-safe algorithms, enterprises and governments must rapidly replace existing encryption technologies before quantum computers become powerful enough to break current systems, emphasizing the critical need for timely action.
- Market Risks and Opportunities: Despite government backing, the quantum sector remains in the NISQ era, lacking mature commercial applications, prompting investors to approach with caution and consider quantum investments as small, diversified long-term positions rather than expecting immediate returns.
See More
Congress Members Disclose SpaceX Stock Purchases Post-IPO
- Congressional Trading Disclosure: Representatives Dan Meuser and Gil Cisneros disclosed stock purchases in SpaceX following its IPO, with Meuser's dependent child buying between $15,001 and $50,000 on June 15, and Cisneros purchasing between $1,001 and $15,000 on June 18, indicating confidence in the company's future prospects.
- IPO Market Response: SpaceX went public on June 12 with a market cap exceeding $2 trillion, marking the largest IPO in history, opening at $150 and quickly pushing its valuation past $2 trillion, reflecting strong market demand for Musk's ventures and artificial intelligence initiatives.
- Political Sensitivity: The trades are politically sensitive due to the members' committee assignments, with Meuser serving on the Financial Services Committee overseeing securities and exchanges, while Cisneros is on the Armed Services Committee, which oversees the Defense Department, a major SpaceX customer.
- Future Trading Expectations: More disclosures from Congress members are anticipated in the coming weeks, with ethics watchdogs suggesting this may only be the tip of the iceberg, as many lawmakers are likely to have engaged in trading related to SpaceX's IPO, highlighting ongoing interest in tech company listings.
See More
Intense Competition Among Quantum Computing Firms
- Changing Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for market attention in quantum computing, indicating an intensifying competition that could influence investor decisions.
- Dual Challenge of Technology and Funding: While technological advancements are crucial, the outcome of the race to 2028 may increasingly depend on cash runway and dilution risks, making financial management a key factor for survival.
- Market Dynamics Analysis: Market prices as of June 24, 2026, reveal fluctuations in quantum computing stocks, reflecting varying investor expectations about future technological developments, which may lead to a reassessment of these companies' valuations.
- Investor Focus: With technology still maturing, investors need to pay close attention to the financial health of these companies to determine which ones can survive and achieve profitability in the future competition.
See More
Intense Competition Among Quantum Computing Firms
- Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for attention in the quantum computing sector, indicating an intensifying competition that could influence investor decisions and market dynamics.
- Cash Flow and Dilution Risks: As the race to 2028 unfolds, the sustainability of cash flow and the risk of equity dilution will be critical factors determining which companies survive, thereby impacting potential investor returns.
- Investment Recommendations: While IBM was not included in the current list of top investment stocks, the other 10 stocks recommended by the analyst team could yield substantial returns in the coming years, reflecting a cautious market sentiment towards the quantum computing sector.
- Market Performance Comparison: With Stock Advisor's total average return at 902%, significantly surpassing the S&P 500's 209%, it highlights the higher risks and uncertainties that quantum computing companies may face when selecting investments.
See More
Insider Selling Signals Caution in Quantum Computing Stocks
- Insider Trading Warning: Since June 18, 2024, executives at IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold approximately $857 million in stock, indicating concerns about future market prospects that could undermine investor confidence.
- Net Selling Figures: IonQ reported a net selling of $454.1 million, Rigetti Computing $71.5 million, and D-Wave Quantum $331.1 million, reflecting a pessimistic outlook from insiders regarding the companies' future performance, which may lead to stock price volatility.
- Lack of Buying Signals: Over the past two years, insider purchases have been minimal, with IonQ at $2.25 million, D-Wave Quantum at just $1,795, and Rigetti with no purchases, indicating a lack of confidence among executives that could negatively impact market sentiment.
- Valuation Bubble Risk: While quantum computing companies show rapid growth potential, their price-to-sales ratios are in bubble territory, and historical data suggests that investors often overestimate the speed of technology adoption, potentially increasing future investment risks.
See More
Insider Trading Warning for Quantum Computing Stocks
- Insider Trading Trends: Over the past two years, insiders at IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold nearly $857 million in stock, indicating a lack of confidence in the companies' futures, which may affect investor sentiment towards these highly valued stocks.
- Scarcity of Insider Buying: While IonQ has seen approximately $2.25 million in insider purchases, D-Wave Quantum has only recorded $1,795, and Rigetti has had no insider purchases at all, reflecting a cautious attitude among executives regarding the companies' prospects.
- Market Valuation Bubble: The price-to-sales ratios of quantum computing stocks are firmly in bubble territory, and although these companies have the potential for rapid growth in the coming years, the market often overestimates the speed of technology adoption, posing risks for investors.
- Investor Caution: Given the lack of insider buying, everyday investors should carefully consider investing in IonQ, especially since the Motley Fool's analyst team has identified ten other stocks with potential, excluding IonQ from their recommendations.
See More
