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Commerce to invest up to $300M in three US quantum developers
The U.S. Department of Commerce will take minority equity stakes, with awards of up to $100 million each for D-Wave, Rigetti, and Quantinuum.
The U.S. Department of Commerce has finalized deals to inject up to $300 million into three domestic quantum computing developers, taking minority equity positions rather than providing only grants. The investments were confirmed on Sept. 8, 2026, and are funded under the CHIPS and Science Act. The program allocates up to $100 million each to D-Wave Quantum Inc., Rigetti Computing Inc., and Quantinuum Inc. The government backing is positioned as validating quantum architecture as critical national security infrastructure and creating a longer term valuation floor for the hardware ecosystem, according to MarketBeat Ratings. Market reaction came quickly after the awards were announced, with Rigetti trading about 42 million shares on the day, nearly triple its 30 day average of about 14.83 million shares. D-Wave saw similar volume, trading about 36 million shares versus its daily average of roughly 13.54 million shares. The initiative also changes the downside risk profile cited by MarketBeat Ratings, since the minority equity involvement supports solvency expectations. The article notes that trailing 12 month net losses remain large across the group, including about $216 million at Rigetti and roughly $355 million at D-Wave, while emphasizing that D-Wave maintains strong liquidity ratios such as a current ratio near 20.55 and a quick ratio around 20.42.