- Rigetti Computing recently announced it was awarded a three-year, US$5.8 million contract from the Air Force Research Laboratory, partnering with Dutch startup QphoX to advance superconducting quantum networking technology.
- This collaboration aims to create crucial hardware enabling secure, long-range quantum communication by converting superconducting qubit microwave signals into optical photons.
- We’ll explore how this government-backed project accelerates Rigetti’s positioning in quantum networking and distributed computing initiatives.
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What Is Rigetti Computing’s Investment Narrative?
To believe in Rigetti Computing as a shareholder, you need to buy into the promise of quantum technology moving closer to practical applications, and Rigetti securing a pivotal role in that journey. The recent three-year, US$5.8 million Air Force Research Laboratory contract with QphoX shows government interest in Rigetti’s quantum networking ambitions, supporting near-term visibility and validation as the company races to convert technical milestones into commercial traction. This news may strengthen key short-term catalysts, such as high-profile partnerships and contract wins, by spotlighting potential for further government and enterprise collaboration. However, persistent operating losses and revenue declines still anchor the biggest risks, along with ongoing dilution and a valuation already expensive by most traditional metrics. While this contract increases credibility, its financial impact over the next few quarters may be modest relative to Rigetti’s market cap and recent price surges.
But investors should watch for signs the company’s rapid price rise might outpace its fundamentals.
Upon reviewing our latest valuation report, Rigetti Computing’s share price might be too optimistic.Exploring Other Perspectives
RGTI Community Fair Values as at Sep 2025 With 34 fair value estimates from the Simply Wall St Community ranging from US$0.22 to US$24.50, opinions are all over the map. While some see extreme upside, others predict much lower targets. These perspectives stand alongside Rigetti’s recent government contract, which brings visibility but leaves questions about the pace of commercialization and how fast revenue can catch up to investor enthusiasm.
Explore 34 other fair value estimates on Rigetti Computing – why the stock might be worth less than half the current price!
Build Your Own Rigetti Computing Narrative
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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.
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