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1h ago

Rigetti Shares Jump on $5.7 Million Orders for Two 9‑Qubit Novera Systems

The bookings equal about 72% of the company’s past‑year sales, clarifying near‑term revenue prospects.

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Overview

  • Rigetti said the buyers are an Asian technology manufacturing company and a California applied‑physics and AI startup, with names not disclosed.
  • Each 9‑qubit Novera system uses the Ankaa‑class architecture with upgrade paths plus a matching dilution refrigerator and control stack for research.
  • The two orders were booked in a single day, with deliveries planned for the first half of 2026.
  • RGTI rose 18.6% to $35.40 on Thursday and added 2.3% after hours to $36.23, extending a roughly 4,620% gain over the past year.
  • Quantum peers also advanced, including D‑Wave ~14%, IonQ ~10% and Quantum Computing Inc. ~5%, while RGTI trades around $11–11.5 billion in market value with an average analyst target near $21.40.