--- title: "Rigetti Pursues Major CHIPS Act Quantum Funding Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/287215919.md" description: "Rigetti Computing has entered a letter of intent with the U.S. Department of Commerce for a potential $100 million award under the CHIPS Act to enhance superconducting quantum computing R&D. This deal may involve equity stakes for the Department, indicating possible dilution for shareholders. The projects aim to address technical challenges in scaling quantum systems, aligning with Rigetti's strategic goals. Analysts rate RGTI stock as a Buy with a $40 target, though concerns about profitability and cash burn persist." datetime: "2026-05-21T12:00:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287215919.md) - [en](https://longbridge.com/en/news/287215919.md) - [zh-HK](https://longbridge.com/zh-HK/news/287215919.md) --- # Rigetti Pursues Major CHIPS Act Quantum Funding Deal ### Claim 55% Off TipRanks Double your RGTI exposure with Tradr's RGTU The latest announcement is out from Rigetti Computing ( (RGTI) ). On May 20, 2026, Rigetti’s wholly owned subsidiary entered into a letter of intent with the U.S. Department of Commerce for a proposed award of up to $100 million under the CHIPS and Science Act to accelerate superconducting quantum computing R&D over three years. The arrangement envisions the Department receiving an equity stake in Rigetti through newly issued common stock priced at a 15% discount to the lowest closing share price on specified dates, and remains subject to negotiation of definitive agreements, implying potential dilution for existing shareholders but underscoring Rigetti’s growing role in U.S. quantum technology policy and industrial strategy. Rigetti separately announced the CHIPS-funded projects would target key technical bottlenecks in scaling superconducting quantum systems, aligning with its roadmap around multi-chip processors and utility-scale quantum computing. The planned equity-linked government support highlights Washington’s use of CHIPS incentives to cement domestic leadership in emerging quantum technologies, strengthening Rigetti’s capital position and strategic ties to federal stakeholders while exposing investors to execution risks around funding milestones, technology delivery and future regulatory or market shifts. The most recent analyst rating on (RGTI) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Rigetti Computing stock, see the RGTI Stock Forecast page. **Spark’s Take on RGTI Stock** According to Spark, TipRanks’ AI Analyst, RGTI is a Neutral. The score is driven primarily by strong financial flexibility (low leverage, sizable cash/equity) and a positive earnings-call backdrop around product milestones and planned performance improvements. These are moderated by weak underlying profitability and ongoing cash burn, plus only mixed technical signals and an unattractive valuation profile given current fundamentals. To see Spark’s full report on RGTI stock, click here. **More about Rigetti Computing** Rigetti Computing, Inc. is a pioneer in full-stack quantum computing, building superconducting qubit-based quantum processors and systems ranging from 9-qubit to 108-qubit for on-premises deployment at national laboratories and quantum centers. The company also operates its Rigetti Quantum Cloud Services platform, integrating quantum-classical infrastructure with public and private clouds, and designs and manufactures chips in-house at its dedicated Fab-1 facility. Rigetti’s Cepheus 36- to 108-qubit systems use proprietary chiplet-based technology and integrated control electronics, while its 9-qubit Novera QPU is aimed at a broader R&D community that integrates with existing cryogenic and control setups. In 2026, Rigetti deployed what it describes as the industry’s largest multi-chip quantum computer, Cepheus-1-108Q, reinforcing its focus on scalable superconducting architectures and performance through fast gate speeds. **Average Trading Volume:** 28,641,125 **Technical Sentiment Signal:** Hold **Current Market Cap:** $5.61B Learn more about RGTI stock on TipRanks’ Stock Analysis page. ### Related Stocks - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [RGTU.US](https://longbridge.com/en/quote/RGTU.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [RGTX.US](https://longbridge.com/en/quote/RGTX.US.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) ## Related News & Research - [What's Going On With Rigetti Computing On Tuesday?](https://longbridge.com/en/news/286119324.md) - [Spear Advisors LLC Makes New $2.06 Million Investment in Rigetti Computing, Inc. $RGTI](https://longbridge.com/en/news/287217256.md) - [Rigetti Computing revenue triples. 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