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IonQ just handed investors two rounds of dilution in rapid succession, and the quantum sector is selling off in response. Whether the company's breakneck revenue growth can outpace its expanding share count may define who stays and who bails.
Shares of Rigetti Computing (RGTI) have fallen 68% over the past twelve months, trailing the 17.0% return of the S&P 500. Despite this steep decline, the company retains a valuation of about $4.7 billion while losing about $0.2 billion over its last twelve months. Investors paying this premium appear to be betting on…