Elon Musk's xAI buys X [TechCrunch]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: TechCrunch
xAI buys X: X owner Elon Musk announced on X on Friday that xAI acquired X in an all-stock transaction . This combination values xAI at $80 billion and X at $33 billion. “Today, we officially take the step to combine the data, models, compute, distribution and talent,” Musk said. Fudging the numbers: More than 20 sources — including investors and current and former employees — told TechCrunch that a16z- and Benchmark-backed 11x has experienced financial struggles , largely of its own making. “They absolutely massaged the numbers internally when it came to growth and churn,” a former employee said. Block layoffs: A leaked message by Block CEO Jack Dorsey reviewed by TechCrunch revealed that the company — which owns Cash App and Square — was laying off 931 people, or 8% of the company, as part of an “org restructuring.” Dorsey's email denies that the layoffs are for financial reasons or to replace workers with AI. This is TechCrunch's Week in Review, where we recap the week's big
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RIVN
News
- Rivian (RIVN) Faces Downgrade With $12 Target Intact at Morgan Stanley [Yahoo! Finance]Yahoo! Finance
- Rivian: The Next Leg Higher Is Still Ahead [Seeking Alpha]Seeking Alpha
- Rivian Stock (+12%): AI Ambitions & Custom Silicon Force Re-Evaluation [Forbes]Forbes
- Rivian Automotive (NASDAQ:RIVN) had its "outperform" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- Rivian Automotive (NASDAQ:RIVN) had its "buy" rating reaffirmed by analysts at Canaccord Genuity Group Inc..MarketBeat
RIVN
Earnings
- 11/4/25 - Miss
RIVN
Sec Filings
- 12/11/25 - Form 4
- 12/9/25 - Form 144
- 12/4/25 - Form 4
- RIVN's page on the SEC website