Rigetti SPAC Presentation Deck

Valuation benchmarking EV / Revenue 4.0x rigetti 2025E EV / EBITDA 8.1x rigetti 2025E 1.9x rigetti 2026E 3.0x rigetti 2026E 3.9x IONQ 2025E 15.1x |IONQ 2025E 1.8x IONQ 2026E Quantum compute 3.4x IONQ 2026E Median: 10.9x 15.9x NVIDIA 2023E 30.9x NVIDIA 6.0x Median: 27.5x 2023E AMD 2023E 24.1x AMD 2023E High-growth compute Note Years represent calendar year end. Market data as of October 5, 2021. AMD, Nvidia, and Microsoft are not pro forma for Xilinx, ARM, and Nuance transactions, respectively 1 AWS segment of Amazon represented for reference only. 2022E EV / revenue multiple based on the median of nine Wall Street revenue multiple estimates available for AWS. 2022E EV/EBITDA multiple based on the median of three Wall Street EBITDA multiple estimates available for AWS. Source Rigetti management projections, company filings, Thomson Reuters, and FactSet 50 Median: 10.1x 11.0x aws 1 2022E Median: 21.4x 24.6x aws 1 7 2022E 9.3x Microsoft 2023E 18.2x Microsoft 2023E Cloud infrastructure rigetti

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