U.S. Government Invests $100 Million in Rigetti Computing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2026
0mins
Source: NASDAQ.COM
Rigetti Computing's stock has fallen 5.02% and hit a 5-day low amid mixed market conditions, with the Nasdaq-100 up 0.69% and the S&P 500 down 0.02%.
The U.S. Department of Commerce plans to invest $100 million in Rigetti Computing as part of a broader $2 billion investment in quantum computing firms. This funding is aimed at advancing Rigetti's superconducting quantum systems research and development, which is a significant boost for the company. However, despite this positive development, Rigetti's stock remains under pressure due to its historically high price-to-sales ratio of nearly 700, reflecting concerns about its valuation and the overall volatility in the quantum computing sector.
The government funding is expected to enhance Rigetti's credibility and support its long-term growth, but investors are advised to remain cautious given the company's current market cap of approximately $7 billion and trailing twelve-month sales of only $10 million. The funding could help Rigetti reduce reliance on dilutive equity raises, but meaningful revenue growth is still projected to be years away.
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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: 17.960
Low
30.00
Averages
39.75
High
51.00
Current: 17.960
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.
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- 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
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- 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.
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