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Rivian’s manufacturing plant moves closer to full-scale production, documents show

Rivian Automotive's Normal, IL factory. (Photo: Rivian)

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Rivian’s production plant in Normal, Illinois is moving swiftly toward its first days of full-scale production. New documents acquired by Teslarati show the automaker is applying for, submitting, and completing several new additions to its manufacturing plant that will soon begin cranking out builds of its all-electric R1T pickup.

Documents from the Normal, Illinois Inspection Department’s Monthly Permit and Project Summary for February 2021 show Rivian has recently submitted, had permits approved for, and is completing several add-ons to its new factory. While the plant sits at 100 Rivian Motorway, several other addresses on the documents apply to Rivian’s plans, including 100 Rivian Parkway, 301 Kerrick Road, 2430 Electric Avenue, and 2601 W. College Avenue.

With the production of the R1T planned for later this year and deliveries slated for June 2021, Rivian, headed by CEO RJ Scaringe, undoubtedly has major potential to make this year its biggest yet. Of course, delivering its first car to a customer would already be monumental for the company, but production and construction efforts were delayed in 2020 to this year due to the COVID-19 pandemic. Now, Rivian is working to put the finishing touches on its facility as production nears.

Rivian R1T spotted on public roads once again prior to launch

The portion of the documents that outlines the “Significant Projects” in the town of Normal is predominantly comprised of Rivian’s construction efforts at the facility. A breakdown of Rivian’s construction progress is as follows:

301 Kerrick Road

Rivian Lease Buildout – Framing & Roughs

100 Rivian Parkway

Main Entry Renovation – In Progress

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Cable Tray Structural – In Progress

Start Me Up Offices – In Progress

North EOL Addition – In Progress

Skateboard Addition – In Progress

North Body Addition – Foundation Work

Cafeteria Remodel – In Progress

S17 Equipment Mezzanine – In Progress

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Teams Room #3 – In Progress

Equipment Mezzanines – Foundations & Framing

Battery Mezzanine – Foundations & Framing

100 Rivian Motorway

Paint Shop Lab – Temporary Occupancy

Stamping/Final Assembly – Temporary Occupancy

Final Assembly Floor R1 – In Progress

Phase II Team Rooms, Paint Shop – In Progress

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South End Plant Additions – Temporary Occupancy

West Plant Addition – Interior Buildout

2460 Electric Avenue

Service Station Building – In Progress

Vibration Test Lab Addition – Temporary Occupancy

2601 W. College Avenue

Warehouse Remodel – In Progress

Additionally, Rivian also recently submitted two new projects for 100 Rivian Parkway for Outbound Logistics and Phase 3-5 Team Rooms. Rivian was also granted three “Significant Construction Permits for the Month,” two at 100 Rivian Parkway ((Equipment Mezzanines – $11 million, Battery Mezzanine – $463k) and one at 301 Kerrick Road (Rivian Lease Buildout – $1.5 million).

It is worth noting that Rivian’s production facility has been under construction for several years, and was still being completed internally in April 2020, when the company broke the news regarding production delays. Luckily, the company has plenty of financial backing and recently rounded out a $2.65 billion investment round. Rivian recently announced it has partnered with Meridian Audio, and the R1T has been spotted several times in public ahead of initial production.

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Documents regarding Rivian’s production facility are available below.

Rivian Normal Il Report February 2021 by Joey Klender on Scribd

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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