Rivian renegotiates DOE loan down to .5 billion, adjusts capacity plans for Georgia plant

Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant

Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…

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Avoid the SpaceX IPO? ‘The juice has been squeezed from this orange’

Avoid the SpaceX IPO? ‘The juice has been squeezed from this orange’

SpaceX has laid the groundwork to list its shares on a public exchange, but investors should think twice before scooping up the stock, Requisite Capital Management managing partner Bryn Talkington told CNBC’s ” Halftime Report ” on Monday. That’s because investors are unlikely to see robust returns from the aerospace manufacturer stock following its likely…

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