rigetti

rigetti

A shell company co-created by former Zillow CEO and dot.LA co-founder Spencer Rascoff revealed today that it's merging with quantum computing company Rigetti in a $1.5 billion deal.

Based in Oakland, Rigetti is expected to trade on the New York Stock Exchange under the symbol "RGTI" once the merger with the special purpose acquisition company (SPAC) is complete. The announcement follows the public debut of another quantum computing firm, IonQ, which recently started trading on the same exchange via a similar merger.

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