307.94 +0.06 (0.02%)
After hours: 7:56PM EST
|Bid||307.80 x 1000|
|Ask||308.33 x 900|
|Day's Range||303.90 - 308.00|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||335.87|
Elon Musk's SpaceX and Jeff Bezos' Blue Origin have long dominated the news with their respective advances in private space travel industry. But two private Chinese companies are also making big moves and gaining billions in investments as China's state space agency announces its own ambitious goals. Here's what's going on in the global space race.
DETROIT/SAN FRANCISCO (Reuters) - Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian's electric vehicle technology by the world's largest online retailer. Amazon is hoping Rivian will assist it in its development of delivery vehicles that will bolster its logistics network, according to a person familiar with the matter who asked not to be identified discussing the confidential strategy.
Rivian Automotive announced a funding round of $700 million led by Amazon, as interest in the electric truck startup and potential Tesla challenger grows.
Of course Scaringe, now 36, didn’t have a truck to show then. What he did have was something in common with Mohammed Abdul Latif Jameel, the chairman of a Saudi auto distributor who, like Scaringe, also attended Massachusetts Institute of Technology. Scaringe showed up recommended by MIT contacts, and playing the alumni card worked. “It was a seminal point,” Scaringe said in an interview.
Apple's stock had risen 436% in the five years preceding that dinner. After everyone gave an answer, the seasoned chip executive confidently predicted Apple's stock would actually be lower in five years' time, not higher. The executive was wrong, however: Apple shares went on to double in the ensuing five years.
Start-up electric pickup truck maker Rivian announced Friday that it is receiving a $700 million investment in an investment round led by Amazon.com Inc. was reported to have been involved in the deal as one of the investors, but there was no mention of GM in Rivian's announcement. When asked if GM might invest in Rivian going forward, a Rivian spokesperson said the company would not comment on speculation.