Rigetti Computing Wins $100 Million Funding Award Agreement With US Department of Commerce

07:54 AM EDT, 09/08/2026 (MT Newswires) -- Rigetti Computing (RGTI), through a subsidiary, signed a definitive agreement with the US Department of Commerce for a $100 million funding award under the CHIPS Act to accelerate superconducting quantum computing research and development, the company said Tuesday. Under the agreement, Rigetti will pursue three R&D projects to address major technical bottlenecks in scaling superconducting quantum computing and accelerating its roadmap toward utility-scale quantum computing, the company said. The Department of Commerce will receive a minority, non-controlling equity stake in Rigetti as part of the deal, according to the company. Shares of the company were up more than 5.7% in pre-bell activity on Tuesday.