Is Rigetti's Growth Model Too Dependent on Government Deals?
Key Takeaways Rigetti relies on U.S. government deals like DARPA and DoE to fund and validate its quantum tech. Lack of commercial uptake raises concerns about scalability and revenue diversification for RGTI. RGTI stock is down 14.3% YTD and trades at a high price-to-book ratio despite weak value metrics.Rigetti Computing (RGTI) continues to draw heavily from U.S. government contracts to fund and validate its quantum technologies. Some examples include a $1.5 million contract extension with the Air Force ...