The SpaceX IPO Should Help Rivian. Here's How.

SpaceX's record-breaking IPO with $86.7 billion in proceeds will fund aggressive AI investments, particularly through its merged xAI division. This indirectly benefits Rivian, which has secured a $1.25 billion investment from Uber for 50,000 vehicles to power Uber's robotaxi service. As Tesla leverages SpaceX's AI spending to advance autonomous driving, competitors lacking manufacturing capabilities will turn to Rivian as a key supplier for robotaxi-capable vehicles.