Rigetti Computing and IonQ use different approaches to quantum computing. Both companies have adequate cash levels to fund current operations. Of these two, is one a more attractive stock to buy? Although quantum computing is still a few years away from being widely used commercially,

US quantum computing company IonQ has agreed to buy UK startup Oxford Ionics in a $1.08 billion deal that highlights increasing commercial confidence in what has largely been an experimental field of computing.

IonQ said Monday that it had agreed to acquire British quantum computing start-up Oxford Ionics in a deal valued at $1.075 billion. The transaction includes $1.065 billion in common stock and roughly $10 million in cash and is expected to close this year,