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Oct 4, 2021

Electric truck startup Rivian files to go public. They lost $994M in the first half of 2021.
Rivian, which started deliveries of its R1T pickup truck in September, is one of the most anticipated IPOs of the year. Their losses this year are far more than the $377M million net loss in the same period of 2020. Most are R&D costs which are projected to grow. They expect to spend $8B total thought the end of 2023, investing in building their infrastructure. Link

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