US Quantum Orders Lift IonQ, D-Wave and Rigetti as 2028 National Lab Plan Draws Investors
Updated
Updated · Simply Wall St · Jun 24
US Quantum Orders Lift IonQ, D-Wave and Rigetti as 2028 National Lab Plan Draws Investors
3 articles · Updated · Simply Wall St · Jun 24
Summary
New US executive orders on quantum adoption and quantum-resistant encryption have pushed IonQ, D-Wave Quantum and Rigetti Computing back into focus, with investors tying them to a broader federal procurement and funding wave.
A 2028 target for a national lab-based quantum computer, plus CHIPS and Science Act grants and other federal support, has strengthened the case that Washington is turning quantum computing from research priority into commercial demand.
IonQ stands out for scale, with US$187.1 million in revenue and a US$21.8 billion market value, but the report flags a rich valuation, expected earnings declines, stock-based compensation and dilution risk.
D-Wave and Rigetti look more directly exposed to government programs, including potential support of up to US$100 million each, yet both remain loss-making and volatile despite existing hardware and cloud offerings.
The policy boost extends a rally already sparked by Trump’s orders earlier this week, but the latest analysis argues execution, profitability and dilution will determine whether the momentum lasts.