Also has big plans beyond the TM-B. The startup mostly refers to itself as a "vehicle" company and has plans to make four-wheel pedal-assist cargo vehicles for Amazon.
The company ticked off a few more boxes on the second Starship V3 flight, but appears to have had another issue relighting the booster's rocket engines.
The automaker joins a long line of companies seeking such refunds. In April, Rivian CFO Claire McDonough said she expected the company stood to reap a refund in the "tens of millions of dollars."
The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
The Jeff Bezos-backed startup finally revealed more pricing details for its debut EV, including a $29,950 starting price for the SUV variant, and boosted the base range to 205 miles.
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.