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The Pure-Play Quantum Pioneers — Lottery Tickets, Not Chokepoints · The Picks & Shovels of Quantum — Fridges, Lasers & Helium-3

RGTI

Rigetti Computing
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Superconducting qubits. UK $100M deployment for 1,000+ qubits.

What they do

Superconducting pure-play. Q1 2026 revenue $4.4M; $589M cash; UK $100M deployment for a 1,000+ qubit system in development. Faces direct competition from IBM (which has a much larger superconducting roadmap) and the dual-rail D-Wave architecture. Smaller, less well-funded than IonQ. Pure-play lottery ticket.