🟢 RGTI is trading 16.7% up today on a $100M U.S. government funding deal

RGTI is trading at $25.72 (+16.70%) after signing a letter of intent with the U.S. Department of Commerce for up to $100 million in direct funding.

• The potential award is intended to accelerate Rigetti’s quantum computing buildout and manufacturing capabilities.
• The move extends a sharp two-day rally, following a 30.57% jump on May 21, 2026.
• While a broader risk-on market tone is supportive, the government funding headline remains the primary catalyst for the elevated trading activity.