Rigetti Computing: Selling More Shares Than Quantum Computers

(6min)

Summary

  • Rigetti Computing is rapidly diluting shareholders by issuing more stock to raise capital, giving the company ~$575 million in cash now.
  • The quantum computing sector is highly competitive, with giants like IBM and Nvidia intensifying their efforts.
  • Rigetti is forecast to sell minimal quantum computers through the end of the decade.
  • The stock has a market cap of ~$4 billion, far out of touch with the commercial opportunities in the medium term.
  • Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More »

Quantum computing- businessman working with virtual reality at night office.

Ankabala

Along with the quantum computing space in general, Rigetti Computing, Inc. (NASDAQ:RGTI) has quickly rushed out to sell additional shares to raise more capital. The company faces substantial competition in the quantum computing space, with the likes of

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This article was written by

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Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

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