Rigetti Computing's Stock Soars After $5.8M Air Force Quantum Networking Contract
Shares of Rigetti Computing hit a record high after the Air Force Research Laboratory awarded a three‑year, $5.8 million contract to develop superconducting quantum networking with Dutch startup QphoX. The deal targets optical links that can connect distant quantum processors, a hurdle that has long limited large‑scale quantum computing. Investors cheered the win, sparking a rally across quantum‑focused stocks. Analysts see the partnership as a key step toward government‑backed quantum services while flagging the company’s still‑growing balance sheet.
