Overview
- Rigetti shares have jumped roughly 3,000% over the last year, drawing heavy retail interest, according to new coverage.
- CEO Subodh Kulkarni sold about $11 million of Rigetti stock earlier this year, public filings show.
- Second‑quarter revenue fell 42% year over year to $1.8 million, and operating losses widened to $19.9 million.
- The company announced purchase orders in September for two Novera systems totaling about $5.7 million, with delivery targeted in the first half of 2026.
- Industry estimates from McKinsey place broadly useful quantum computing around 2040, and analysts say recent trading appears driven more by narrative than fundamentals.