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Rigetti Computing Faces High Valuation and Profitability Issues

The Motley Fool +1 ·

RGTI
RGTI Rigetti Computing Inc
$14.03 -0.78%
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  1. 1As of October 8, Rigetti's market capitalization is approximately $4.7 billion.
  2. 2Rigetti reported $5.1 million in Q2 revenue and an operating loss of $28.1 million.
  3. 3McKinsey estimates the quantum computing market size will reach between $43 billion and $71 billion by 2035.

So what's the key point?

Rigetti Computing recorded an operating loss much larger than its revenue. While the market size is expected to grow, the company is currently not making money.

Source The Motley Fool +1 · View original ↗

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