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Max Knoblauch4/30/26

Rivian delivers better-than-expected Q1 earnings and revenue

US EV maker Rivian reported its first-quarter results after markets closed on Thursday. The company’s shares whipsawed in after-hours trading.

For Q1, Rivian reported:

An adjusted net loss of $0.54 per share, compared to the $0.60 loss per share expected by Wall Street analysts polled by FactSet.
$1.38 billion in sales, compared to $1.37 billion expected.

Looking ahead, Rivian maintained its forecast for a full-year adjusted loss in the range of $1.8 billion to $2.1 billion. Wall Street expects a $1.99 billion loss.

Rivian’s primary focus this year will be the commercial launch of its new, smaller R2 SUV.

Earlier this month, Rivian reaffirmed its full-year delivery guidance of 62,000 to 67,000 vehicles. Analysts polled by FactSet expect 17,200 of those to be R2s, while Rivian has implied annual R2 deliveries of between 20,000 and 25,000 units. In March, Rivian announced that the R2 price would start at $59,485 at launch. The company reportedly began deliveries of the first R2s to employees this month.

Rivian also announced a robotaxi partnership with Uber in the first quarter. Uber will invest up to $1.25 billion in the EV maker in a deal for 50,000 robotaxis.

This week, a regulatory filing revealed that Rivian CEO RJ Scaringe earned $402.6 million in 2025 — more than 7x the combined pay for GM CEO Mary Barra and Ford CEO Jim Farley.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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