Rigetti Computing Surges to 28th in Daily Rankings with $223.7 Million Trading Volume

On June 11, 2025, Rigetti Computing (RGTI) saw a significant surge in trading volume, with a total turnover of $223.7 million, marking a 218.81% increase from the previous day. This substantial rise placed Rigetti at the 28th position in the daily stock market rankings. The company's stock price also increased by 11.39%.

Rigetti Computing recently completed a $350 million at-the-market equity offering. This substantial capital infusion is set to fuel the company's expansion in superconducting quantum hardware, enhance manufacturing capabilities, and explore potential strategic partnerships. The proceeds from this offering will be allocated towards working capital, capital expenditures, and potential strategic collaborations, positioning Rigetti to support the commercial scale of its quantum computing initiatives.

Rigetti's successful completion of the equity offering has bolstered its financial position, with a total cash reserve of $575 million and zero debt. This strong financial footing is expected to accelerate the company's growth trajectory in the competitive quantum computing sector.