SurvivorTechnology
What Happened to Rigetti Computing?
Ticker: RGTISPAC Year: 2021
Return
+58.8%
Current Price
$15.88
Peak Price
$58.15
Trust Size
$667M
Summary
Rigetti Computing is a quantum computing company that designs and manufactures superconducting quantum processors and offers quantum computing as a cloud service.
What Happened
Rigetti went public in March 2022 through a merger with Supernova Partners Acquisition Company II, a SPAC co-founded by a Zillow co-founder. The Berkeley-based company builds full-stack quantum computers and provides access through major cloud platforms. Rigetti's stock surged dramatically in late 2024 on broader quantum computing enthusiasm, though the company remains pre-profit and faces intense competition from larger players like IBM, Google, and IonQ.
Timeline
2021-02-23
S-1 Registration Filed