Hyperdrive
Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing
- Startup discloses almost 50,000 pre-orders for first vehicles
- Rivian commits to exclusive four-year van deal with Amazon
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Rivian Automotive Inc., the maker of electric pickups backed by Amazon.com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.
The Irvine, California-based startup in a filing Friday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set.