Story perspectives

Rigetti Wins $100M CHIPS Act Award, Gets Minority Stake

9/8/2026

Summary

Rigetti Receives Funding

Rigetti Computing received a $100 million CHIPS Act award from the U.S. Department of Commerce.
The award provides $43.9 million now, followed by $29.9 million and $26.2 million tranches.
Rigetti will issue 7,739,938 common shares at $12.92 each, giving the government a minority stake.
Funding targets miniaturized readout electronics, a next-generation cryostat, and high-connectivity quantum chip fabrication.

Summary

D-Wave Investigated

Pomerantz LLP and Kessler Topaz Meltzer & Check LLP opened investigations into securities violations at D-Wave.
Probes focus on D-Wave’s August 6 quarterly results and the CFO’s departure a week later.
Summer revenue fell to $3.08 million, missing expectations of $4.03 million.
Insiders sold over one million shares in the past 90 days, including senior-management and board members.
Manufacturers Life Insurance bought about 204,700 shares in early September, valued at roughly $4.9 million.

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Rigetti Receives Funding

Rigetti Computing received a $100 million CHIPS Act award from the U.S. Department of Commerce.
The award provides $43.9 million now, followed by $29.9 million and $26.2 million tranches.
Rigetti will issue 7,739,938 common shares at $12.92 each, giving the government a minority stake.
Funding targets miniaturized readout electronics, a next-generation cryostat, and high-connectivity quantum chip fabrication.

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