Quantum computer maker Rigetti to go public via $1.5 billion SPAC deal

An interior view of the Rigetti Fab-1 integrated quantum device manufacturing facility is seen in Fremont, California, U.S. April 28, 2021. Rigetti/Handout via REUTERS

OAKLAND, Calif. (Reuters) - Quantum computer maker Rigetti & Co Inc said on Wednesday it will go public through a merger with a blank-check firm in a deal that potentially values the combined company at $1.5 billion.

This is the second quantum computer hardware maker to announce going public this year using a blank-check, or special purpose acquisition company (SPAC). Maryland-based IonQ listed on the New York Stock Exchange on Friday. SPACs are shell companies that raise funds through an initial public offering to acquire a private company, which then becomes public as a result.