amazon Amazon Reveals 20% Stake in Rivian Ahead of Major EV IPO Amazon officially discloses a 20% ownership stake in electric vehicle maker Rivian, valued at $3.8 billion. The tight relationship highlights both a major financial boon and a significant business risk for the upcoming IPO.
rivian Rivian Stock Surpasses $100 on Strong First Day of Public Trading Electric vehicle maker Rivian closes its inaugural trading day at $100.73 per share after opening at $78. The company also announces plans to direct millions of shares toward climate initiatives.
rivian Rivian IPO Makes History as a Top 2021 Market Debut Rivian's highly anticipated initial public offering officially ranks among the largest stock market debuts of the year. The electric vehicle maker's launch highlights massive investor interest in the EV sector.
rivian Rivian Stock Trades at $16.52 Amid Steep Decline From 2021 Peak Rivian Automotive currently sits far below its November 2021 all-time high of $172.01, with shares experiencing a 16% drop so far in 2026. The electric vehicle manufacturer holds a $19.1 billion market cap as it navigates a highly competitive domestic auto industry.
cruise Microsoft Invests $2 Billion in Cruise to Push Autonomous Rides Cruise secures a massive $2 billion funding round led by Microsoft, pairing new capital with a strategic cloud partnership to scale its self-driving ride-hailing ambitions.
ford Ford and Rivian Mutually Cancel Lincoln Electric Vehicle Program Lincoln and Rivian scrap plans to co-develop an all-electric SUV due to the COVID-19 pandemic. The companies insist their partnership remains intact and future electric collaborations are still on the table.
covid-19 Global Tech Industry Responds to Unprecedented COVID-19 Shutdown Technology companies adapt quickly to the global coronavirus pandemic by launching information portals, cancelling major events, and creating developer programs to find solutions.
fedex FedEx Drops Amazon U.S. Express Contract Amid E-Commerce Boom FedEx ends its U.S. express delivery contract with Amazon, a move that impacts only domestic air services. Both companies continue to invest heavily in autonomous delivery technologies as package volumes surge.
amazon Amazon Leads $700 Million Investment in Electric Truck Maker Rivian Amazon leads a massive $700 million funding round for Rivian, the startup behind an all-electric pickup truck and SUV. The company plans to remain independent as it prepares for customer deliveries in late 2020.