A Commerce Department official told CNBC that the U.S. government is not in talks to take equity stakes in with quantum computing companies in exchange for federal funding. “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson told CNBC’s Kif Leswing in a statement, echoing a similar report from Reuters. The Wall Street Journal has reported that the Trump administration is in talks to acquire equity stakes in quantum computing companies, including IonQ (IONQ), Rigetti (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGTI:
- Midday Fly By: Tesla reports mixed Q3, Trump in talks for quantum stakes
- Rigetti tells CNBC in ongoing talks with U.S. government on funding
- Commerce official tells Reuters ‘not currently negotiating’ with quantum firms
- Quantum Computing Stocks (RGTI, QBTS, IONQ) Soar as U.S. Considers Equity Stake
- Trump Trade: U.S. weighs curbing software exports to China
