"Quantum computing promises to solve problems beyond classical computers' reach, from drug discovery to optimization. The market, valued at $1.6 billion in 2025, could hit $7.3 billion by 2030, growing at 34.6% annually. Amid this surge, ) stands out with its superconducting qubit technology and cloud platform. Trading at $40 per share with a $13 billion market cap, RGTI stock has surged 162% in 2025 on tech milestones and deals."
"Rigetti builds full-stack quantum systems, offering QPUs and software via cloud. Founded in 2013, it went public in 2022. In the second quarter, revenue hit $1.8 million, up from prior quarters but still modest. Losses persist at $14.8 million quarterly, typical for R&D-heavy quantum firms. Cash reserves stand at $571 million post a $350 million raise, funding fab expansions and hires."
"Key achievements this year include the 36-qubit Cepheus-1 system with 99.5% two-qubit fidelity, halving error rates via multi-chip design. Plans call for 100+ qubits by year-end, targeting fault-tolerant computing. Partnerships amplify its reach: a $100 million-plus pact with Quanta Computer accelerates hardware scaling; an MOU with India's C-DAC eyes hybrid systems; a $5.8 million Air Force Research Laboratory (AFRL) deal advances quantum networking; and $5.7 million in Novera QPU orders signals early sales."
Quantum computing is positioned to address problems beyond classical computing, with the market projected from $1.6 billion in 2025 to $7.3 billion by 2030 at a 34.6% CAGR. Rigetti focuses on superconducting qubits and a cloud platform, trading near $40 with a $13 billion market cap and a 162% stock surge in 2025. Quarterly revenue reached $1.8 million while losses were $14.8 million and cash totaled $571 million after a $350 million raise. Technical advances include the 36-qubit Cepheus-1 with 99.5% two-qubit fidelity and plans for 100+ qubits. Strategic deals with Quanta, C-DAC, AFRL, and Novera support scaling toward utility-scale quantum by 2028, but achieving target valuations requires capturing significant market share.
Read at 24/7 Wall St.
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