Rigetti Computing (RGTI) Delays 108-Qubit Launch While Winning India Deal Is Its Modular Bet Paying Off?

• In January 2026, Rigetti Computing revised its roadmap, pushing general availability of its 108-qubit Cepheus-1-108Q modular quantum system to around the end of the first quarter to allow more time for testing and performance optimization.
• At the same time, Rigetti secured a purchase order to deliver a 108-qubit system to India’s Centre for Development of Advanced Computing, underscoring early commercial interest in its modular quantum architecture despite execution delays.
• With the Cepheus-1-108Q delay and new C-DAC order in focus, we’ll examine how this shapes Rigetti’s investment narrative.

Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 31 best rare earth metal stocks of the very few that mine this essential strategic resource.

What Is Rigetti Computing's Investment Narrative?

To own Rigetti today, you have to believe its superconducting, modular architecture can convert technical milestones into a sustainable business despite small revenue, large losses and fierce competition from big tech. The Cepheus-1-108Q delay nudges one of the near term catalysts further out, but the slip is limited to a few months and framed as extra testing rather than a reset of the roadmap, so the impact on the overall thesis looks manageable for now. At the same time, the on premises 108 qubit order from India’s C-DAC adds a tangible commercial proof point around the very system that is slipping, partly offsetting concerns about execution. The bigger swing factors remain cash burn, dilution risk and whether partnerships like NVIDIA and AFRL contracts lead to recurring, higher margin revenue.

However, one key funding related risk here is easy to miss at first glance. Despite retreating, Rigetti Computing's shares might still be trading 48% above their fair value. Discover the potential downside here.

Exploring Other Perspectives

Forty six Simply Wall St Community fair value estimates for Rigetti span roughly US$0.30 to US$45.45 per share, reflecting sharply different views on what its quantum roadmap is worth. Against that wide dispersion, recent execution hiccups on Cepheus-1-108Q and ongoing cash burn are front of mind and could influence how quickly expectations adjust. You can compare these community views with the shifting risk reward trade off before deciding where you stand.

Explore 46 other fair value estimates on Rigetti Computing - why the stock might be worth as much as 92% more than the current price!

Build Your Own Rigetti Computing Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Rigetti Computing research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Rigetti Computing research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Rigetti Computing's overall financial health at a glance.

Contemplating Other Strategies?

The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:

• AI is about to change healthcare. These 109 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
• We've found 13 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
• Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com