Rivian (RIVN) launches 75M-share sale to raise ~$1.5B for R2 push

Rivian has moved forward with a major stock sale, offering 75 million shares to raise around $1.5 billion, aiming to fuel its R2 vehicle project. This significant capital influx follows a stock surge driven by impressive Q2 delivery figures and an optimistic full-year forecast. The move underscores Rivian's aggressive expansion plans and highlights the growing investor confidence in its electric vehicle market ambitions. This fresh capital could accelerate Rivian's entry into new markets and bolster its competitive edge against rivals.