RGTX: Is It Positioning Itself to Capture the Quantum Computing Revolution?

The quantum computing revolution is no longer a distant promise but an emerging reality, with companies like Rigetti Computing (RGTI) and its leveraged ETF counterpart, RGTX, positioning themselves at the forefront. As the global quantum market accelerates toward projected annual revenues of $1–2 billion by 2030, according to Rigetti's strategic collaboration announcement, investors are scrutinizing whether RGTX-a 2x leveraged ETF tied to RGTI-can effectively capitalize on this paradigm shift.

Strategic Partnerships: Scaling Quantum Infrastructure

Rigetti's recent collaboration with Quanta Computer Inc., a Fortune 500 server manufacturer, underscores its strategic alignment with industry growth. The two firms have committed to co-invest over $100 million each over five years to develop superconducting quantum technologies, as detailed in that announcement. This partnership not only validates Rigetti's technical expertise but also addresses critical scalability challenges in quantum hardware production. Quanta's $35 million equity investment, pending regulatory approval, further signals confidence in Rigetti's long-term viability described in the same announcement.

Additionally, Rigetti's collaboration with India's C-DAC to co-develop hybrid quantum-classical systems highlights its global outreach, according to a TS2 article. Such alliances are pivotal in democratizing access to quantum solutions, a trend expected to drive mass adoption across industries like finance, healthcare, and AI.

Technical Catalysts: Qubit Advancements and Market Demand

Rigetti's R&D milestones in 2025 have been nothing short of transformative. The launch of the 84-qubit Ankaa-3 system in December 2024, with a 99.0% median iSWAP gate fidelity, marked a significant reduction in error rates, addressing one of quantum computing's most persistent challenges, according to a Market Is Open article. Complementing this, the 36-qubit Cepheus-1 multi-chip processor, unveiled in August 2025, achieved 99.5% two-qubit fidelity, signaling progress toward Rigetti's 100+ qubit roadmap, as reported by TS2.

These advancements have translated into tangible demand. Rigetti's first Novera QPU sale to Montana State University in late 2024 and a subsequent sale to the U.K. government in Q4 2024 demonstrate growing institutional trust in its platforms, per the Market Is Open coverage. Meanwhile, a $5.8 million U.S. Air Force contract for quantum networking in September 2025 underscores the defense sector's interest in quantum-driven innovation, according to TS2.

Market Positioning and Risks for RGTX

As a leveraged ETF, RGTX amplifies RGTI's daily price movements through derivatives like swap agreements, a structure explained in TS2's coverage. This structure offers aggressive exposure to Rigetti's growth but comes with inherent risks, including volatility and compounding effects over time. However, Rigetti's recent $5.7 million in new Novera system orders and its expanding cloud partnerships (e.g., Microsoft Azure, Amazon Braket) suggest a strong foundation for sustained value creation, as noted in Market Is Open's reporting.

Conclusion: A High-Stakes Bet on Quantum's Future

RGTX's strategic alignment with Rigetti's technical breakthroughs and industry partnerships positions it as a compelling vehicle for investors bullish on quantum computing's trajectory. However, the leveraged nature of the ETF demands caution, particularly in a sector still navigating scalability and error-correction hurdles. For those willing to tolerate volatility, Rigetti's progress-coupled with its $1–2 billion market opportunity by 2030 described in the company announcement-makes RGTX a high-conviction play in a race to redefine computational limits.