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@Zalotie 2 weeks ago

Rigetti (RGTI) is down 28% this year, but valuation still seems too high

Rigetti (RGTI) is down 28% this year, but valuation still seems too high

Quantum computing is a growing but tiny market. Analysts expect the entire industry to be worth $4.2 billion by 2030. Rigetti (RGTI) is down 28% this year and trading around $15.88. Even after the drop, their market cap is $5.3 billion, which is higher than the projected value of the entire quantum market at the end of the decade. Their financials show high cash burn. They only did $7.1 million in revenue last year compared to $86.7 million in operating expenses. They burned through $58.5 million recently, meaning share dilution is a big risk moving forward. Seems like a pass given the valuation and uncertainty.
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@CopyRemarkable14 2 weeks ago

Hard to justify that valuation, feels way ahead of the actual market size and revenue reality.