iHub News
2週前
SpaceX IPO targets retail investors as hype builds around record-breaking debutMay 26, 2026 10:01 AM
IH Market News After several sluggish years for the IPO market, SpaceX is preparing to make its public market debut in what could become the largest stock offering in history. The company plans to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX following the filing of its S-1 registration statement. The proposed offering could value SpaceX at as much as $2 trillion, instantly making it one of the most valuable publicly traded companies in the world and reigniting excitement across Wall Street after a prolonged drought in major IPO activity. Elon Musk opens the door to retail investors Unlike many blockbuster IPOs that heavily favor institutional investors and large funds, SpaceX appears to be actively encouraging participation from retail traders. In its S-1 filing, the company stated that, “Certain of the shares of Class A common stock offered hereby will, at our request, be offered to retail investors.” According to the filing, shares are expected to be accessible through brokerage platforms including Charles Schwab (SCHW), Fidelity Investments, Robinhood (HOOD), SoFi Technologies (SOFI) and Morgan Stanley’s E*TRADE platform. The move could generate enormous interest among individual investors eager to gain exposure to one of the world’s most sought-after private technology companies. Strong growth accompanied by heavy losses SpaceX reported $18.7 billion in revenue last year, according to its filing, as the company continued expanding its Starlink satellite internet business and maintaining dominance in commercial space launches. However, the filing also showed that SpaceX recorded a net loss of $4.9 billion as spending accelerated across artificial intelligence infrastructure, Starship rocket development and satellite deployment programs. Despite those losses, market enthusiasm surrounding Elon Musk and SpaceX is expected to remain strong when trading begins. Nasdaq rule changes could fuel immediate buying pressure The article argues that the IPO structure itself may intensify speculative momentum. Nasdaq recently updated its listing rules to allow mega-cap IPOs to enter major market indexes more rapidly than in the past. According to Reuters, the exchange’s new “fast entry” framework was designed specifically with enormous offerings such as SpaceX, OpenAI and Anthropic in mind. If SpaceX debuts near a $2 trillion valuation, index funds could be required to purchase billions of dollars worth of shares shortly after listing, potentially driving sharp early gains. History shows IPO hype can fade quickly While the initial enthusiasm may support the stock in the short term, the article points to several high-profile IPOs that later suffered steep declines after early excitement faded. Meta Platforms (NASDAQ:META) reportedly fell 47% during its first six months as a public company, while Alibaba Group (NYSE:BABA) declined 26% following its debut. Coinbase (NASDAQ:COIN) lost 75% within a year of listing, and Rivian (NASDAQ:RIVN) dropped roughly 80% from its peak. The article also cites Nasdaq data indicating that nearly 64% of IPOs underperform the broader market by more than 10 percentage points during their first three years of trading. Long-term potential may not justify immediate buying The article emphasizes that these concerns do not necessarily reflect weakness in SpaceX’s underlying business. Instead, the warning centers on valuation risk, speculative enthusiasm and the possibility that investors may overpay amid peak excitement. The piece concludes that SpaceX could eventually become one of the world’s most important public companies because of its strength in launch services, satellite internet and defense infrastructure. However, it argues that the current IPO setup — driven by retail participation, forced index buying, meme-stock enthusiasm and a historically rich valuation — may create excessive short-term hype. According to the article, long-term investors may ultimately find opportunities to own SpaceX shares at more attractive prices after the initial frenzy surrounding the June 12 listing subsides. Meta stock price Alibaba Group Holdings stock price Coinbase stock price Rivian Automotive stock price Original: SpaceX IPO targets retail investors as hype builds around record-breaking debut
US Market News
1月前
Rivian Announces Optimized Capacity Plan for Georgia PlantApril 30, 2026 4:05 PM
Business Wire
Fifty percent increase in phase one production capacity will boost cost efficiency, support thousands of U.S. manufacturing jobs, and bolster American tech leadership on global stage
American automotive manufacturer and technology company Rivian today announced it is increasing its initial production capacity to 300,000 vehicles annually for its future manufacturing facility in Stanton Springs North, Georgia. This represents a 50 percent increase over the initially planned capacity of 200,000 units to facilitate a lower cost per unit while also providing significant room for future expansion of capacity in later phases.
“We’re very excited to partner with the U.S. Department of Energy to grow our manufacturing footprint in Georgia,” said Rivian Founder and CEO RJ Scaringe. “R2 dramatically expands our market opportunity. The thousands of dedicated people who will soon work in our Georgia plant will be instrumental to Rivian’s growth as we scale American manufacturing and work to ensure that the U.S. retains its leadership in innovation and technology.”
Rivian has worked with the U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) to update its DOE loan that will aim to bolster American manufacturing and construction jobs. As vertical construction commences in 2026, Rivian now expects to first draw on the loan by early 2027. The company remains on track for vehicle production to begin in late 2028. The total DOE loan is aligned with the updated facility design and roadmap at up to $4.5 billion ($4,006 million principal and $494 million capitalized interest) for the initial phase.
Rivian continues to work with its partners in the communities surrounding its site at Stanton Springs as the company transitions to vertical construction, which is expected to begin this spring. Preparations are underway for the development of the stamping press area, one of the most capital-intensive and technically demanding projects within the plant from a construction perspective. Progress will accelerate this summer as the facility’s primary buildings begin to take shape. Rivian recently announced a partnership with Uber and is expected to build up to 50,000 robotaxis at its Georgia plant beginning in late 2028.
Forward-looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the possible issuance and timing of advances under the loan, the terms of the loan and related financing documents, the use of proceeds, the satisfaction of covenants and conditions under the loan, the absence of events of default, construction of our manufacturing facility, the launch and production ramp of R2, the expected benefits of our partnership with Uber and timeline for production of robotaxis at the Georgia plant, and the expected impact of the loan. In some cases you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed in Part II, Item 1A, “Risk Factors” in Rivian’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.
Learn more about the company, products, and careers at www.rivian.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430750054/en/
Media contact:
Peebles Squire
media@rivian.com
Investors:
ir@rivian.com
Original: Rivian Announces Optimized Capacity Plan for Georgia Plant
US Market News
2月前
Rivian and Redwood Materials Announce Energy Storage Partnership for ManufacturingApril 14, 2026 12:00 PM
Business Wire
Largest repurposed battery energy storage system for a U.S. automotive manufacturer to cut energy costs, support grid reliability.
American automotive and technology company Rivian (NASDAQ: RIVN) and critical materials and energy technology company Redwood Materials today announced a partnership to deploy pioneering battery energy storage at Rivian’s Normal, Illinois manufacturing facility. Using more than 100 second-life Rivian battery packs, Redwood and Rivian’s solution will initially provide 10 megawatt-hours (MWh) of dispatchable energy to reduce cost and grid load during peak demand periods—saving on cost and supporting grid security and reliability.
Rivian will provide EV battery packs to Redwood, who will integrate them into a Redwood Energy system, supported by the company’s Redwood Pack Manager technology, allowing their stored energy to be used on-site by Rivian’s plant in Normal. This system is rapidly scalable and offers significant cost benefits by using safe and proven EV batteries. This approach enables faster, more flexible deployment of energy capacity directly at high-demand sites like manufacturing facilities.
To capture and balance the growth in peak electricity demand expected, the U.S. must deploy massive amounts of energy storage. By 2030, estimates are that over 600GWh of storage is needed to meet growing demand, stabilize peaks, and power the technology innovation of the 21st century. This represents a virtual reservoir equivalent to the total energy output of the Hoover Dam running for two months straight.
“EVs represent a massive, distributed and highly competitive energy resource," said Rivian Founder and CEO RJ Scaringe. “As energy needs grow, our grid needs to be flexible, secure, and affordable. Our partnership with Redwood enables us to utilize our vehicle’s batteries beyond the life of a vehicle and contribute to grid health and American competitiveness."
"Electricity demand is accelerating faster than the grid can expand, posing a constraint on industrial growth," said JB Straubel, Redwood Materials Founder and CEO. "At the same time, the massive amount of domestic battery assets already in the U.S. market represents a strategic energy resource. Our partnership with Rivian shows how EV battery packs can be turned into dispatchable energy resources, bringing new capacity online quickly, supporting critical manufacturing, and reducing strain on the grid without waiting years for new infrastructure. This is a scalable model for how we add meaningful energy capacity in the near term."
EV batteries are often the longest-lived part of the vehicle itself, designed to last many hundreds of thousands of miles and, in many cases, to remain healthy even when the vehicle is retired, they are extremely valuable as stationary energy storage devices.
Stationary energy storage technologies play a key role in reducing cost and increasing stability both for the customer and the grid at large. For example, during periods of peak demand like heat waves, Rivian can instantly deploy energy stored in its second-life batteries to offset increased strain on the grid, avoiding having to purchase more expensive electricity while also avoiding additional load on the power system.
Redwood's deep expertise in battery systems and power integration positions the company to capture a massive domestic supply of energy storage that is already accumulating. By transitioning these packs into stationary assets before recycling them, we can extend their useful life, decrease reliance on imported energy storage, and defer billions of dollars in costly infrastructure upgrades.
About Rivian
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.
Learn more about the company, products, and careers at www.rivian.com.
About Redwood Materials
Redwood Materials is building the U.S. stockpile of critical materials and deploying large-scale energy storage. Founded by JB Straubel, the company produces lithium, nickel, cobalt, copper, and cathode active material at scale in the U.S., manufactures key components for advanced batteries, and deploys energy storage systems that power data centers and the nation’s grid. Redwood is expanding domestic capacity for next-generation energy storage and strengthening U.S. energy dominance.
Learn more at www.redwoodmaterials.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414701719/en/
Rivian
media@rivian.com
Redwood Materials
press@redwoodmaterials.com
Original: Rivian and Redwood Materials Announce Energy Storage Partnership for Manufacturing
US Market News
3月前
Rivian Introduces R2 Lineup, Sharing Full Trims and PricingMarch 12, 2026 11:00 AM
Business Wire
The soul of a Rivian, sized for every adventure
Today, American automaker and technology company Rivian announced full trims and pricing1 for the all-new R2, a mid-size electric SUV that brings Rivian’s design, performance and technology to a significantly broader audience without losing what makes a Rivian unmistakably Rivian.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311180295/en/R2 in Catalina Blue
Deliveries start in Spring 2026, beginning with R2 Performance with Launch Package (starting at $57,9902), followed by additional Premium configurations in late 2026 and Standard configurations in 2027.
Built on an all-new mid-size platform, R2 offers a more accessible price point without a compromise in capability. The R2 lineup will offer up to 656 horsepower, 0–60 mph in as quick as 3.6 seconds (and incredible highway acceleration from 50-70 mph in as quick as 1.55 seconds), while offering a Rivian-estimated range of up to 345 miles, delivering confident performance with everyday versatility3.
“R2 embodies so many of our learnings that we have accumulated—the passion and attention to detail from our team is visible everywhere,” said RJ Scaringe, Founder and CEO of Rivian. “Thank you to all the teams across Rivian who poured their energy into bringing this incredible vehicle to life. I couldn't be more excited.”
The R2 Lineup: Options for Every Driver
R2 introduces an array of trims to accommodate varying needs and driving styles, delivering a distinct combination of range, performance and capability — all rooted in Rivian’s adventure DNA. The R2 lineup has a native NACS charge port with access to the Supercharger network, as well as other charging networks with CCS adapter support4.
R2 Performance (Available Spring 2026): Debuting with Launch Package starting at $57,9902 (available for limited time), the Performance trim is the most capable R2 on- and off-road. This dual-motor AWD variant delivers a staggering 656 horsepower and 609 lb-ft of torque, capable of launching R2 from 0-60 mph in as quick as 3.6 seconds and offering an EPA-estimated range of up to 330 miles3.
Included on Performance:
Semi-active suspension
Esker Silver exterior
Compass Yellow brake calipers and exterior badging
All-new premium interior with Birch wood accents in Black Crater Signature
Heated and ventilated front seats, heated rear outboard seats, heated steering wheel
12-way power driver & passenger seats with lumbar adjustment
Rivian Premium Audio (9 speakers, 2 midwoofers in force-balanced configuration, 2 subwoofers in force-balanced configuration, 975W)
Rear drop glass
Dynamic Adventure Lighting with Adaptive High Beams, Matrix LED headlights
Rivian Torch flashlight in the driver door
Integrated tow hooks
Drive modes: All-Purpose, Conserve, Snow, All-Terrain, Rally, Soft Sand, Sport and Launch Mode
21” Liquid Tungsten All-Season wheels
In addition to all Performance features, the limited edition Launch Package includes:
Autonomy+ included5 for lifetime of the vehicle
Special Rivian Green anodized Key Fob
Exclusive option of Launch Green exterior color (paid upgrade)
Tow package with 4,400-lbs of towing capacity
Optional on Performance:
Autonomy+ one-time fee or monthly subscription
20” Black Sand All-Terrain wheels
Borealis, Catalina Cove, Forest Green, Glacier White, Half Moon Grey, and Midnight exterior colors
All-new premium interior with Birch wood accents in Coastal Cloud Signature
Tow package with 4,400-lbs of towing capacity
R2 Premium (Available Late 2026): Starting at $53,9902, the Premium trim is elevated inside and out. Featuring a dual-motor AWD setup that produces 450 horsepower and 537 lb-ft of torque, a 0-60 mph time of 4.6 seconds, and an EPA-estimated range of up to 330 miles3.
Included on Premium:
Esker Silver exterior
All-new premium interior with Birch wood accents in Black Crater Signature
Heated and ventilated front seats, heated rear outboard seats, heated steering wheel
12-way power driver & passenger seats with lumbar adjustment
Rivian Premium Audio (9 speakers, 2 midwoofers in force-balanced configuration, 2 subwoofers in force-balanced configuration, 975W)
Rear drop glass
Dynamic Adventure Lighting with Adaptive High Beams, Matrix LED headlights
Rivian Torch flashlight in the driver door
Integrated tow hooks
Drive modes: All-Purpose, Conserve, Snow, All-Terrain and Sport
20” Bicolor Carbon All-Season wheels
Optional on Premium:
Autonomy+ one-time fee or monthly subscription
21” Liquid Tungsten All-Season wheels
Catalina Cove, Forest Green, Glacier White, Half Moon Grey, and Midnight exterior colors
All-new premium interior with Birch wood accents in Coastal Cloud Signature
Tow package with 4,400-lbs of towing capacity
R2 Standard (Available First Half 2027): Starting at $48,4902, the Standard trim redefines expectations for the mid-size SUV segment. The RWD Long Range configuration of Standard trim will be available in the first half of 2027. This variant delivers 350 horsepower and 355 lb-ft of torque, a 0-60 mph time of 5.9 seconds and boasts a Rivian-estimated range of up to 345 miles3.
Included on Standard:
Esker Silver exterior
Single-motor RWD Long Range
All-new Black Crater interior
Heated front seats and heated steering wheel
12-way power driver seat with lumbar adjustment, 8-way power passenger seat
Standard audio (5 speakers, 2 midwoofers in force-balanced configuration, 525W)
Drive modes: All-Purpose, Conserve, Snow and Sport
19” Machined Graphite All-Season wheels
Optional on Standard:
Autonomy+ one-time fee or monthly subscription
Dual-motor AWD with 450hp, 537 lb-ft of torque
Forest Green, Glacier White, Half Moon Grey, and Midnight exterior colors
20” Bicolor Carbon All-Season wheels
Tow package with 4,400-lbs of towing capacity
An additional R2 Standard variant will arrive in late 2027 starting around $45,0002, offering 275+ miles of estimated range3. More details on this vehicle will be shared closer to production launch.
Tailored to Your Adventure: New Colors, Interiors and Wheels
Rivian is introducing three new exterior colors, expanding Rivian’s palette while reinforcing the vehicle’s expressive, adventurous character.
Catalina Cove: Exclusive to R2, like the waters that surround Catalina Island, this metallic paint shifts from deep Pacific blues to translucent greens in the light.
Esker Silver: Inspired by the winding ridges of gravel and sand that glaciers leave behind, fine metallic flakes bring depth to this shimmering silver.
Half Moon Grey: This metallic grey is inspired by the coastal cliffs of Half Moon Bay — layers of granite and sandstone shifting in warm light.
These join Rivian’s established exterior colors, including Midnight, Glacier White, Forest Green, Borealis and Launch Green (available for a limited time with Launch Package), creating a lineup that reflects the environments R2 was designed to move through and explore.
Drivers can customize their vehicle’s stance and aesthetic to match their lifestyle. All R2 wheel and tire options share a 32-inch overall diameter (OD), with configurations across the lineup including:
19” Machined Graphite All-Season: Aluminum wheels with a bright machined finish and graphite metallic pockets. With Pirelli all-season tires for versatile performance in all kinds of conditions.
20” Bicolor Carbon All-Season: Aluminum wheels with satin machined details and satin carbon pockets are paired with Pirelli all-season tires for a blend of range and performance.
20” Black Sand All-Terrain: Forged aluminum machined face wheels with dark satin tint and black pockets. Paired with versatile BF Goodrich all-terrain tires for confident handling, on-road and off.
21” Liquid Tungsten All-Season: Forged aluminum machined face wheels finished with liquid tungsten tint and dark pockets. With Pirelli all-season tires, this combo is best for maximizing range and on-road performance.
Inside, R2 reflects thoughtful utility with nature-inspired minimalism, expressed through distinct interior environments tailored to each trim. Carefully selected materials and clean architectural lines create a space that feels warm, modern and purposeful.
R2 Performance and Premium trims feature two signature interiors defined by a tactile blend of Birch wood accents and organic textures.
Black Crater Signature — Inspired by the dynamic dark tones of volcanic rock, this interior is crafted with upcycled Birch wood and textile accents. This creates an inviting, dark tonal environment that seamlessly blends rugged durability with a refined, minimalist aesthetic.
Coastal Cloud Signature — Open and airy, the crisp tones of cool and cloudy coastal sky are warmed with upcycled Birch wood and soft textile accents. This palette offers a modern aesthetic that is grounded in Rivian’s nature-inspired design language.
For Standard trim:
Black Crater — Featuring dark volcanic tones, a light and airy headliner and natural fiber accents, for an interior that feels both expansive and welcoming.
Utility, Reimagined
The interior maximizes every square inch, delivering premium views and a comfortable experience for up to five adults with zero bad seats in the cabin.
Open-Air Freedom: A hallmark of the R2 design is the rear drop glass window that lowers completely into the liftgate. With the touch of a button, drivers can drop all windows to allow for flow-through breezes or easily haul long gear like surfboards (included only on Performance and Premium trims).
Smart Storage: With 90.1 cubic feet of total enclosed storage, R2 easily adapts to your gear. The class-leading front trunk with 5.2 cu ft of space fits a carry-on and large backpack, dual glove boxes provide maximum organization, and the fold-flat rear seats create a level loading surface for bikes and camping gear.
Agility Meets Class-Leading Capability
At nearly 2,000 lbs lighter than the R1 and sitting on a shorter wheelbase (115.6 in), R2 is incredibly responsive and maneuverable in urban environments. Despite its nimbleness, it retains Rivian’s off-road DNA:
Best-in-Class Stance: Features 9.6 inches of ground clearance, a 25° approach angle, and a 26° departure angle.
Dynamic Drive Experience: R2 achieves a planted, connected-to-the-road feel through a low center of gravity enabled by its structural battery pack. This foundation is enhanced by a semi-active suspension (unique to Performance trim) that delivers superior handling and precision across both on- and off-road terrain.
Transformational Technology
R2 marks the evolution of the software-defined vehicle: an AI-ready architecture that pairs 5G-connected, offline-capable processing with tactile, haptic hardware. Built on a multi-modal perception stack—featuring 11 HDR cameras with a combined 65MP and a sophisticated five-radar system—the R2 delivers a leap in hardware fidelity. This foundation powers an expanding suite of driver assistance and active safety features designed for a drive that feels as advanced as it operates.
Designed for the Road Ahead: Rivian Autonomy+7 ($49.99/month or $2,500/one-time) hardware is built into all R2 trims and service is optional across the lineup (lifetime access to Autonomy+ included5 with Launch Package), bringing L2+ hands-free assisted driving to 3.5 million miles of roads across the U.S. and Canada with Universal Hands-Free6. Every Rivian comes standard with a system that continuously evolves with each software update, getting smarter right from your driveway, and foundational active safety and driver assistance features. All new R2 deliveries include a 60-day trial of Autonomy+.
AI Powerhouse: R2 is outfitted with 200 sparse TOPS of edge AI compute dedicated to the in-cabin experience. This includes enabling the forthcoming Rivian Assistant—Rivian’s in-vehicle voice assistant that understands you, your vehicle and your context—to smoothly run complex tasks locally on the edge, even if the vehicle is offline.
Haptic Halo Wheels: At the center of the R2 driving experience is a redesigned steering wheel featuring haptic 'halo' dials. These dynamic and context-aware controls—capable of scrolling, pushing, pulling and tilting—provide distinct physical responses for multiple functions, bridging the gap between digital software and tactile hardware to keep the driver’s focus on the horizon. Both the physical wheels and underlying haptic technology were designed in-house.
Dual Digital Displays: R2 offers flexibility and control with two displays—a driver display in front of the steering wheel for more utility on the road, and the center display for a deeper dive into features.
Software Updates: Rivian builds vertically-integrated hardware and software, enabling your vehicle to gain meaningful updates via software right from your driveway. R2 evolves this vertically integrated approach with a new, streamlined electrical architecture that delivers more capability with less complexity, providing ample headroom for the future.
Coming this Spring
R2 deliveries begin Spring 2026 with Performance trim with Launch Package. Premium configurations follow in late 2026 and Standard configurations follow through 2027. Reservations are open now with a $100 refundable deposit.
The R2 lineup will be on display to the public at SXSW® 2026 from March 13-18, 2026 at the Rivian Roadhouse. R2 online configurator will open in the coming months. To learn more and reserve R2 visit: https://rivian.com/r2.
About Rivian
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and builds category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.
Learn more about the company, products and careers at www.rivian.com.
1 R2 trims and pricing noted in this press release are for USA-market vehicles. More information on Canadian-spec vehicles, packages and pricing will come closer to market launch in Canada.
2 Prices shown do not include all applicable taxes and fees.
3 Actual vehicle capability will depend on selected options and trim. Torque, horsepower, and acceleration timing estimates vary based on battery, tire, drive modes, vehicle load and weather. Official EPA values are noted — some range estimates are preliminary estimates based on the EPA test cycle and are not official EPA values. The EPA estimates range through a series of standardized lab tests that mimic real world conditions. Factors including tires, drive modes, HVAC settings and accessories can all have an impact on range. 345 miles of Rivian-estimated range expected for R2 Standard RWD Long Range. 0-60 acceleration in 3.6 seconds (with 21” wheel), 50-70 mph in as quick as 1.55 seconds and 656 horsepower available with R2 Performance.
4 Charging speeds vary based on battery capacity, state of charge, and temperature, charger capacity, weather, site-specific conditions, and more. Stated speeds reflect optimal conditions.
5 Autonomy+ features may vary based on vehicle model and hardware. Autonomy+ product features remain available during the lifetime of feature support for the hardware on the vehicle at delivery.
6 Assistive driving feature. Universal Hands-Free will not stop or slow down for traffic lights or stop signs. Review the Universal Hands-Free software release notes and Rivian Owner's Guide for additional detail about this feature when available.
7 Driver assistance features, including those available through Autonomy+, support the driver but do not replace their judgment or the need to remain attentive and in control of the vehicle at all times.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260311180295/en/
Media:
media@rivian.com
Investors:
ir@rivian.com
Original: Rivian Introduces R2 Lineup, Sharing Full Trims and Pricing
eastunder
4月前
Rivian Surges On Upgrades As Attention Turns To Its New Tesla Model Y Competitor
https://www.investors.com/news/rivian-stock-upgrades-q4-earnings-attention-tesla-model-y-competitor/?src=A00220
KIT NORTON07:26 AM ET 02/13/2026
Rivian (RIVN) stock soared early Friday as the EV startup receives several upgrades following fourth-quarter earnings, with attention turning to its new R2 vehicle, which could be a major competitor to the top-selling Tesla (TSLA) Model Y.
Irvine, Calif.-based Rivian announced late Thursday a smaller-than-expected Q4 loss of 53 cents per share. However, that loss was slightly larger than a year ago. Meanwhile, fourth-quarter revenue declined 26% to $1.28 billion, as the end of U.S. EV credits slammed demand. Ahead of earnings, analysts forecast a loss of 70 cents per share with sales totaling $1.24 billion, according to FactSet.
Looking to 2026, Rivian announced Thursday that it expects to deliver 62,000 to 67,000 vehicles, which would represent about 50% growth vs. 2025. Analysts had forecast about 66,000 deliveries in 2026.
Rivian expects about 9,000-11,000 vehicle deliveries in each of the first two quarters, with R2 units ramping up in the second half of the year.
The EV company forecasts capital expenditures around $1.95 billion to $2.05 billion in 2026 with adjusted EBITDA losses of $1.8 billion-$2.1 billion.
Much of the attention is on Rivian's upcoming R2 electric SUV, which is expected to be priced starting around $45,000 and be a direct competitor with the Tesla Model Y. Several initial reviews dropped in the days before the earnings report.
Rivian said Thursday that R2 deliveries are expected to begin the Q2 2026, adding that it will "reveal additional product and line-up details" on March 12.
Upgrades Following Earnings
Early Friday, UBS upgraded Rivian to neutral from sell with a price target of 16, up from 15. Deutsche Bank also upgraded upgraded Rivian to buy from hold with a price target of 23, up from 16.
The Deutsche Bank analysts wrote Friday that Rivian's "prospects are inflecting" and that 2026 looks "de-risked" as volume expectations are "reasonable" and its vehicle costs continue to improve.
The firm added that the R2 launch is on track for Q2 at a time when competitors are "slow-walking" electric vehicle transitions.
Meanwhile, Morgan Stanley analyst Andrew Percoco on Friday wrote that 2026 guidance is "reliant on a strong R2 ramp" and stable demand for its other vehicles. Percoco remains underweight on RIVN with a price target of 12.
The analyst wrote Friday that this is "underpinned by our expectation for weaker-than-expected R2 demand into the teeth of an EV demand slowdown."
Wedbush Securities analyst Dan Ives, a longtime Tesla bull, wrote Friday that he continues to "remain confident" in Rivian's "long-term vision" as it prepares to "ramp its R2 and midsize platform supply chains starting in FY26."
Ives remains outperform on RIVN with a 25 price target on the stock.
Rivian Stock Performance
RIVN stock soared more than 20% prior to regular stock market action on Friday, on pace to open near 17 level and move closer to its 50-day moving average. The stock fell about 5.2% to 14 on Thursday.
The EV startup enters the stock market on Friday down 29% in 2026, tumbling below the 50-day and the 200-day line after declining more than 25% in January.
Last month, federal regulators announced that Rivian is recalling 19,641 previously serviced R1S and R1T vehicles, citing incorrectly assembled rear toe link.
Rivian previously reported that it produced 10,974 vehicles at its manufacturing facility in Normal, Illinois and delivered 9,745 vehicles in Q4. For 2025, Rivian produced 42,284 vehicles and delivered 42,247 vehicles.
Rivian in December 2025 announced its own AI and autonomy strategy, including an in-house developed custom silicon chip and autonomy platform.
The stock has a 41 Composite Rating. Rivian stock also has a 29 Relative Strength Rating and a 36 EPS Rating.
Meanwhile, Tesla stock edged lower before the open after falling 2.6% to 417.07 on Thursday. The EV giant enters Friday's trading down 7.3% in 2026, modestly below its 50-day line.
eastunder
4月前
Rivian was saved by software in 2025
Kirsten Korosec
Thu, February 12, 2026 at 4:17 PM MST 4 min read
https://finance.yahoo.com/news/rivian-saved-software-2025-231732922.html
Rivian is, by every measure, a maker and seller of EVs. But in 2025, it was the company’s software and services that helped its annual revenue grow by 8%.
Rivian reported Thursday $5.38 billion in total revenue in 2025, up from $4.97 billion from the prior year. That rosy picture dulls a bit when looking just at its automotive revenue, which fell 15% to $3.8 billion in 2025. The fall was fueled by a $134-million drop in regulatory credit sales and lower vehicle deliveries, which were partially offset by higher average selling prices, according to Rivian.
Meanwhile, software and services revenue grew more than threefold to $1.55 billion for the year. And the joint venture with Volkswagen Group was behind most of that growth, according to Rivian. The “services” component of this line item, which Rivian doesn’t break out, includes a variety of items including vehicle repair, vehicle trade-ins, and maintenance services. The remainder, and the bulk of the revenue, is from software, and specifically due to the joint venture with VW Group.
VW and Rivian formed a technology joint venture in 2024 that is worth up to $5.8 billion. The joint venture is milestone-based and in 2025 Rivian hit the mark, which meant a $1 billion payout in the form of a share sale. Under the terms of the JV, Rivian will supply VW Group with its existing electrical architecture and software technology stack.
Rivian received an initial $1 billion convertible note in 2024 and another $1 billion payment in July 2025.
Rivian is expected to continue to receive payments from VW Group through 2027. Rivian is expected to receive an additional $2 billion of capital as part of the joint venture in 2026, CFO Claire McDonough said Thursday on the company earnings call. About $1 billion of that is subject to the successful completion of winter testing, which is underway. The remaining $1 billion is non recourse debt, which is expected to be received in October.
And while the funds provide a hefty stopgap, Rivian’s financial success in 2026 will hinge largely on the rollout of its next EV, the R2.
Rivian confirmed in its earnings report Thursday that the R2 SUV, which is designed to be cheaper to build and less expensive for customers, will come to market by June 2026. That “cheaper to build” line item is particularly crucial for Rivian, which has historically lost money on every vehicle it makes.
Rivian has spent years trying to push cost of goods sold figure down. And it has made progress with the rollout of its second-generation flagship R1T truck and R1S SUV. For instance, McDonough said “in the fourth quarter it was able to deliver $92,000 of cogs per unit and that was about a $4,000 per unit improvement relative to the third quarter.” Rivian’s cogs per unit was $99,000 in the fourth quarter of 2024.
The company saw its total automotive cost of revenue decrease year-over-year from $1.4 billion in fourth quarter of 2024 to $898 million in the same quarter in 2025. Notably, the company’s cost of revenue for software steadily inched up throughout 2025.
The R2 SUV, which will initially launch as a dual motor all-wheel drive model, is an opportunity to further reduce costs. The company is expected to release more information about the R2, including final specs, on March 12.
Rivian’s guidance for 2026 suggests that it is banking on demand for R2 and its ability to ramp up production. The company said Thursday it expects to deliver between 62,000 and 67,000 vehicles in 2026 — which could provide up to a 59% bump from last year. Rivian delivered 42,247 vehicles in 2025, which includes its two R1 consumer vehicles and the electric delivery van (EDV).
Rivian CEO RJ Scaringe noted that the company expects some growth in EDV sales in 2026. Rivian plans to an all-wheel drive version and a larger battery pack variant of the EDV, for which Amazon is its primary customer.
“Both of those are to help unlock specific use cases within the Amazon network,” Scaringe said. “We’re working really closely with Amazon in defining the requirements of those and excited to get those launched.”
The company isn’t signaling profitability — on an adjusted basis — just yet. But it is offering up considerable improvement on that front. Rivian reported a $3.6 billion net loss in 2025; it expects an adjusted net loss of between $1.8 billion and $2.1 billion for 2026. Rivian also projects capital expenditures will be between $1.95 billion and $2.05 billion this year.
eastunder
7月前
Rivian cuts jobs. How EV pain is spreading across the US auto sector - Barrons.com
Electric-vehicle makers are battening down the hatches, preparing for some stormy weather. When the skies will clear is hard to say.
Rivian CEO R.J. Scaringe sent a memo to employees Thursday, laying out plans to cut the company's workforce by about 4.5% . Rivian had almost 15,000 employees at the end of 2024. (so apx 675 jobs out of 15000)
Shares of the EV start-up were edging up 0.2% in premarket trading at 13.12, while S&P 500 and Dow Jones Industrial Average futures were up 0.2% and flat, respectively.
"These are not changes that were made lightly," said Scaringe in the note viewed by Barron's. "With the changing operating backdrop, we had to rethink how we are scaling our go-to-market functions." Changes are being made in vehicle operations, service, and marketing organizations.
Things have been tough and getting tougher for U.S. EV makers lately. Slower-than-expected EV penetration has put a lid on sales and plagued profitability aspirations.
Rivian is expected to sell about 43,000 EVs this year. Two years ago, Wall Street projected 2025 sales of 116,000 vehicles. Rivian isn't expected to generate positive gross profits this year. Two years ago, analysts projected 2025 gross profits of $1.3 billion .
The loss of the $7,500 federal EV purchase tax credit, which expired in September, only makes it more challenging to sell EVs to Americans.
The expectations of lower sales, at potentially lower prices, are driving decisions across the industry. Earlier this month, General Motors took a $1.6 billion charge to write down some EV investments. In July, Ford Motor took $500 million in charges related to EV programs and battery capacity.
And on Thursday, when reporting third-quarter numbers, Ford CEO Jim Farley said changing environmental standards would ease the need to sell electrified vehicles for compliance purposes. He sees EVs accounting for about 5% of U.S. new car demand, down from a recent 10%.
Growth beyond that will depend on cheaper EVs with prices that start at about $30,000 .
Tesla , for its part, sold a record number of EVs in the third quarter, but operating profit margins were 5.8%, down from 10.8% reported in the third quarter of 2024.
"The competition is getting tougher...Chinese [auto makers] are expanding globally," added Farley on Thursday. "And the industry faces lower returns due to EV overcapacity and global pressures."
With that as the backdrop, it makes sense Rivian is looking to cut costs. That doesn't ease the pain for affected employees, though.
Coming into Friday trading, Rivian stock was down about 2% so far this year, but up about 29% over the past 12 months.
eastunder
9月前
It's 'do or die' for electric vehicle maker Rivian as it breaks ground on a $5 billion plant
https://finance.yahoo.com/news/die-electric-vehicle-maker-rivian-110544441.html
JEFF AMY and ALEXA ST. JOHN
Tue, September 16, 2025 at 5:05 AM MDT 5 min read
ATLANTA (AP) — It seems like a terrible time to build an electric vehicle plant in the United States, but Rivian Automotive leaders say they're confident as the company starts long-delayed work on a $5 billion facility in Georgia.
The money-losing California-based company breaks ground Tuesday east of Atlanta despite President Donald Trump’s successful push to roll back electric vehicle tax credits. Starting Sept. 30, buyers will no longer qualify for savings of up to $7,500 per car.
Rivian Chief Policy Officer Alan Hoffman said the company believes it can sell electric vehicles not for environmental or tax incentive reasons, but because they're superior.
“We did not build this company based upon federal tax incentives,” Hoffman said. “And we’re going to prove that we’re going to be successful in the future.”
Georgia plant is key to a mass market and profitability
The Georgia plant, first announced in 2021, is Rivian’s key to reaching profitability. Now the company makes the high-end R1T pickup truck and the R1S sport utility vehicle in Normal, Illinois, as well as delivery vans for Amazon and others. Its truck prices start at $71,000.
The Illinois plant will begin making smaller R2 SUVs next year, with prices starting at $45,000. An expanded Illinois plant will be able to assemble 215,000 vehicles yearly. But if the R2 is a hit, and if Rivian successfully produces an even smaller R3, it will need more capacity. The company has said the Georgia operation will be able to make 200,000 vehicles yearly starting in 2028. It plans another 200,000 in capacity in phase two, volume that would spread fixed costs over many more vehicles.
The projections would be a big leap from the 40,000 to 46,000 vehicles Rivian expects to deliver this year, down from 52,000 last year. The company says it’s limiting production now in part to launch 2026 models.
“For Rivian, it’s do-or-die time,” said Alex Oyler, North American director of auto research firm SBD Automotive. “We saw with Tesla that the key to profitability is scale, and you can’t scale if your cheapest vehicle is $70,000. So they need that plant online to achieve a level of scale of R2 and ultimately R3.”
Challenges in the electric vehicle market
Sales growth is slowing for electric vehicles in the United States, rising only 1.5% in 2025's first half, according to Cox Automotive.
Tesla accounted for almost 45% of U.S. electric vehicle sales in that period, according to Cox. But the giant is losing market share as others gain: General Motors' slice of American EV sales has climbed to 13%. By comparison, Rivian had a 3% share in the first half of the year, behind Tesla and six traditional automakers.
But excluding Tesla, Rivian is the most successful of the startup automakers.
The company initially tapped a largely unfilled niche: demand for electric pickups and SUVs. But the competition now includes Ford’s F-150 Lightning and the electric Chevrolet Silverado.
After an initial public offering in 2021, Rivian shares have fallen by more than 80%, while automaker shares overall have outpaced the broader stock market. Rivian lost $1.66 billion in 2025’s first half.
At the same time, some automakers’ ardor for electric vehicles is cooling. Stellantis last week canceled Ram’s electric truck program. Ford has delayed production at a new Tennessee plant. And General Motors abandoned plans to build electric vehicles at a suburban Detroit plant.
“With all the competition out there in this market and the slowing growth of EVs, it does not play in Rivian’s favor,” said Sam Fiorani, a vice president at AutoForecast Solutions. “However, there still is an EV market out there.”
$1.5 billion in incentives for 7,500 jobs
Georgia has pledged $1.5 billion of incentives to Rivian in exchange for 7,500 company jobs paying at least $56,000 a year on average. Rivian can’t benefit from most incentives unless it meets employment goals, but the state is already spending $175 million to buy and grade land and improve roads.
Georgia Republican Gov. Brian Kemp, who has said he wants to make Georgia “the electric mobility capital of America,” acknowledges Rivian faces bumps, but says he remains confident the company can fulfill its promises.
While Tesla has thousands of employees in California and Texas, some new electric vehicle plants have sputtered. Two separate EV makers that hoped to assemble vehicles in a former GM plant in Lordstown, Ohio, went bankrupt. Georgia’s Hyundai complex near Savannah is faring better, with production underway. However, a battery plant there has been delayed by U.S. Immigration and Customs Enforcement arresting 475 people on site, including more than 300 South Koreans.
Rivian was supposed to be making trucks by now at the 2,000-acre (800-hectare) site near Social Circle, about 45 miles (70 kilometers) east of Atlanta. As the company burned through cash in 2024, it paused construction. But German automaker Volkswagen agreed to invest $5.8 billion in Rivian in exchange for software and electrical technology. And then-President Joe Biden's administration in November agreed to loan Rivian $6.6 billion to build the Georgia plant.
Despite the Trump administration's hostility toward EVs, Hoffman said Rivian hopes the U.S. Department of Energy will distribute the loan money, arguing it will boost domestic manufacturing.
Some neighbors still oppose the plant
Rivian also faces opposition from some residents who say the plant is an inappropriate neighbor to farms and will pollute the groundwater.
“I planned on dying and retiring on the front porch and the biggest project in Georgia has to go next door to me, of all places in the country?” asked Eddie Clay, who lives less than a mile away. He says his well water turned mud-choked after excavation at the Rivian site.
There are other challenges for Rivian, including tariffs costing $2,000 per vehicle, the Trump administration ending a tax-credit program that will cost the company $140 million in revenue this year, and long-term threats from low-priced, cutting-edge Chinese EVs. But Hoffman says Rivian is “in this for the long haul.”
“We think that we can compete with anyone out there and that once given the opportunity, we’re going to excel,” he said.
eastunder
9月前
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Cerys Davies
Mon, September 8, 2025 at 2:54 PM MDT 3 min read
(SUCH A DRAMATIC HEADLINE! ;)
https://finance.yahoo.com/news/rivian-lays-off-hundreds-employees-205436838.html
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green.
The electric truck and sport-utility vehicle manufacturer is preparing for a challenging year in which it plans to launch a more affordable model even as it gets more expensive to buy an EV.
A spokesperson at the company said that the layoffs are equivalent to about 1.5% of its total staff of nearly 15,000. The Wall Street Journal first reported the layoffs.
Rivian is among the many car companies bracing for the changes in federal tax credits.
Under President Trump’s Big Beautiful Bill, the $7,500 tax credit, which some buyers receive for purchasingEVs, is set to expire at the end of this month. The credit of up to $4,000 for used EVs also will end.
It’s an abrupt reversal of Biden-era efforts to address climate change emissions from gasoline cars.
Transportation is the most significant source of climate-warming emissions in California and the U.S., and experts warn that the sector must become far cleaner to avoid the worst effects of global warming.
In California, approximately one-quarter of new cars sold are either fully electric or plug-in hybrid vehicles, according to the California Energy Commission.
That progress could stall. The planned phaseout of state credits is expected to dampen EV sales, which already have slowed due to waning consumer interest and high tariffs on imported cars.
Anticipating a slowdown in demand as the incentives end, General Motors has laid off 360 workers in Detroit due to the slowed production of the GMC Hummer EV and Cadillac Escalade IQ. Volkswagen plans to temporarily furlough 160 employees and slow production of its electric SUV.
Rivian’s newest model, the R2 SUV, is slated to come out next year.
“We have made some recent changes to the Commercial team as part of an ongoing effort to improve operational efficiency for R2,” a Rivian spokesperson wrote in a statement to The Times.
It will be one of the company's more affordable options, starting at $45,000. Its current R1S SUV starts at $76,900. At this price level, Rivian will be able to compete with other EV companies such as Tesla, which also has a model starting at about $45,000.
Rivian first made a name for itself with its Earth-toned electric trucks, which debuted in 2018. The company was founded in Florida and moved to Irvine in 2020, where it is based today.
The introduction of its heavy-duty EVs initially appealed to more-affluent consumers, with some of the models sporting sticker prices above $120,000.
After taking the company public in 2021, the retailer has faced a number of challenges. It has had to grapple with supply chain issues, steep price points and order delays.
Like all EV companies, it is now struggling with policy changes out of Washington.
Because Rivian makes only EVs, the company’s sales have been derailed with changes in compliance credits. Previously, the company would sell these credits to other car companies that needed to meet fuel economy and emission standards.
In its second quarter, the company reported a loss of $1.1 billion.
Rivian shares have climbed about 5% this year. That's less than half the gain of the tech-heavy Nasdaq composite index for the same period.
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