Rigetti and D-Wave Secure $100M US Government Quantum Computing Deals

Key Facts

In a move reflecting the strategic U.S. priority to maintain technological leadership, Rigetti and D-Wave Quantum have secured government contracts totaling $100 million. According to reports, these deals are designed to accelerate quantum computing research and development, with Rigetti specifically focusing on superconducting quantum R&D supported by CHIPS Act funding. This initiative is part of a broader Commerce Department effort to bolster innovation in high-performance computing.

These contracts serve as a validation for mid-cap tech firms, providing essential revenue and long-term R&D support. Per market data, QBTS shares closed at $16.58 (close September 4, 2026), having traded between a day high of $16.88 and a day low of $16.43 during that session. The involvement of the U.S. government underscores the critical nature of quantum infrastructure to national interests.

Investors should watch for how these firms execute on these government mandates to advance quantum capabilities in the coming months. With QBTS at $16.58 as of the September 4, 2026 close, further catalysts may include specific project milestones or additional grant announcements under the CHIPS Act framework which could impact sector sentiment.