News
Rivian’s patent reveals electric truck’s ability to auto-adjust to removable modules
In a recently issued patent generically titled “Systems and Methods for Reconfigurable Electric Vehicles”, electric truck maker Rivian imagined a customizable driver experience wherein its cars feature both swappable module components and a computer system that adjusts the vehicle’s configurations to fit them. There’s even a potential business opportunity included with the functionality via the suggestion that vehicles and modules don’t need be to owned by the same people.
Planning a jet ski trip but don’t have the right cargo fitting on your SUV? Perhaps you could rent the right bed from a local Rivian module supplier where, after installation, your car will adjust its suspension and height after detecting what’s been installed. There’s a lot of imagination that can be poured into an electric car brand when users are free to customize their vehicles’ utility purpose however they see fit, and Rivian has captured just that in this method patent.
Easily swapping out major parts of a car kind of sounds like something an infomercial might pitch, but according to Rivian, it’s an unfulfilled need in the electric vehicle arena. As summarized by their patent (U.S. Patent No. 10,207,757), there are numerous uses for EVs that aren’t being tapped into because their configurations aren’t adjustable like fossil fuel-powered vehicles. Perhaps the aftermarket availability of numerous non-EV truck bed types, for instance, were part of this invention’s inspiration to create and offer modules for Rivian vehicles.
So, what exactly is a module in the Rivian sense? Perhaps the patent should speak for itself, per claim 28: “…wherein said different removable structural models include a removable recreation module; a removable delivery module; a removable open box utility module; a removable flat bed support module; and a removable side rail module.” The patent further notes that these modules would be attached to Rivian’s vehicles via latching mechanisms. Through these components, Rivian’s electric trucks can accomplish various tasks that would conventionally require multiple vehicle setups.
Rivian’s patent goes beyond just owner convenience and flexibility. In fact, one of the systems claimed is a business structure wherein module-swapping drivers don’t even own the trucks/SUVs but rather use their varied configuration cars on a rental basis. Maybe a delivery service could use the vehicles as needed, outfitted with modules appropriate for the size and shape of their haul. Or a business traveler could rent special configurations based on their particular trips’ needs.
Additionally, proposed data tracking capabilities could provide usage monitoring that would create preferential settings based on a renter’s history with the Rivian pool fleet. Things like braking sensitivity and ride firmness would be part of the customized customer experience using this data.
Although it’s only somewhat recently made its entry into the all-electric car manufacturing scene and won’t have production cars coming off the line until 2020, Rivian is already making waves with its clever innovations. Extra large battery packs with low centers of gravity and high ground clearance are expected to provide an impressive 400 miles of range with 200 horsepower available at each wheel, and smaller auxiliary packs that function like portable fuel tanks are anticipated to be available as well.
Since Rivian’s electric trucks are meant to be luxury adventure vehicles as well as modularized utility units (potentially), self-driving guided tours reminiscent of those in Jurassic Park are also on the feature list. The coming announcements certainly sound exciting, and for those ready to make the leap into ownership, Rivian has opened up reservations for both vehicles on its website, estimated to be in the $60,000 range after incentives.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
