{"id":166740,"date":"2025-09-19T02:46:11","date_gmt":"2025-09-19T02:46:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/166740\/"},"modified":"2025-09-19T02:46:11","modified_gmt":"2025-09-19T02:46:11","slug":"rigetti-computing-jumps-on-5-8-million-contract-from-the-air-force-research-laboratory-to-advance-quantum-networking","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/166740\/","title":{"rendered":"Rigetti Computing jumps on $5.8 million contract from the Air Force Research Laboratory to advance quantum networking"},"content":{"rendered":"<p class=\"css-14ve0pc\">Shares of <a class=\"inline-stock css-1iix00n\" href=\"https:\/\/robinhood.com\/stocks\/RGTI?source=sherwood\" rel=\"nofollow noopener\" target=\"_blank\">Rigetti Computing<\/a> are rallying in premarket trading after the company announced that it won a three-year, $5.8 million contract from the Air Force Research Laboratory (AFRL) \u201cto advance superconducting quantum networking.\u201d<\/p>\n<p class=\"css-14ve0pc\">The quantum computing company plans to collaborate with Dutch startup QphoX on this endeavor.<\/p>\n<p class=\"css-14ve0pc\">\u201cThis project aims to deliver systems providing entanglement between superconducting qubits and optical photons, the essential building block of quantum networking,\u201d per Rigetti\u2019s <a href=\"https:\/\/investors.rigetti.com\/news-releases\/news-release-details\/rigetti-collaboration-qphox-awarded-58m-afrl-contract-advance\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">press release<\/a>.<\/p>\n<p class=\"css-14ve0pc\">This less than $6 million contract has seen Rigetti\u2019s market cap swell by about $250 million. <\/p>\n<p class=\"css-14ve0pc\">\u201cWe are very pleased that AFRL is supporting this technology, which is important for the US to maintain its global leadership in quantum information science,\u201d Dr. Subodh Kulkarni, CEO of Rigetti, said.<\/p>\n<p class=\"css-14ve0pc\">As gate-model quantum computers have not yet demonstrated much aptitude for commercial applications, governments and research organizations are key ways these companies make money.<\/p>\n<p class=\"css-14ve0pc\">Peer <a class=\"inline-stock css-1iix00n\" href=\"https:\/\/robinhood.com\/stocks\/IONQ?source=sherwood\" rel=\"nofollow noopener\" target=\"_blank\">IonQ<\/a> is also continuing its romp higher on news that it <a href=\"https:\/\/sherwood.news\/markets\/ionq-rises-after-signing-agreement-department-of-energy-advance-quantum-tech\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">signed a memorandum of understanding with the US Department of Energy<\/a> \u201cto advance the development and deployment of quantum technologies in space.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Rigetti Computing are rallying in premarket trading after the company announced that it won a three-year,&hellip;\n","protected":false},"author":2,"featured_media":166741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[191,74],"class_list":{"0":"post-166740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/166740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=166740"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/166740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/166741"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=166740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=166740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=166740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}