The original codename was Nebula, an acronym for Newey, Red Bull and Aston Martin Lagonda. The name AM-RB 001 was chosen as the final codename, and was decided since Aston Martin and Red Bull Racing had collaborated all throughout the project. AM stood for Aston Martin and RB stood for Red Bull. 001 may be a reference to it being the first production car the two have collaborated on.
In March 2017, Aston Martin revealed that the car would be named Valkyrie, after the Norse mythological figures. According to Red Bull, the name was chosen to continue the tradition of "V" nomenclature of Aston Martin's automobiles and to distinguish the vehicle as a high-performance car (the "V" was used as the distinguishing factor). The Aston Martin Valhalla, which is known as "Son of Valkyrie", likewise has its origin in the mythological location Valhalla.
The car contains a 6.5-litre naturally-aspirated V12 engine tailored by Cosworth, which produces around 746 kW; 1,014 PS (1,000 hp) at 10,500 rpm, with a redline of 11,100 rpm. This will make it the most powerful naturally-aspirated engine ever to be fitted to a production road car. With a KERS-style boost system akin to those fitted to F1 cars, the Valkyrie's hybrid system was developed by two main technical partners; Integral Powertrain Ltd, who supplied the bespoke electric motor, and Rimac for the lightweight hybrid battery system. As a result, the full hybrid system contributes an additional 120 kW; 160 PS (160 bhp) of power and a further 280 N⋅m of available torque with the certified max power output of the Valkyrie at 865 kW; 1,176 PS (1,160 hp) @ 10,500rpm.
Production of the Valkyrie ran from November 2021 up to December 2024. Aston Martin produced 150 coupés, 85 Spiders, and 40 AMR Pro models for a total of 275 units. The track-only variant of the Valkyrie called the Valkyrie AMR Pro was introduced at the 2018 Geneva Motor Show. Only 40 units were produced. The Valkyrie Spider has a removable carbon fibre roof and trades the coupé model's gullwing doors for a pair of front-hinged dihedral butterfly doors.
Aston Martin was one of the first manufacturers to commit to the Le Mans Hypercar class in 2019, with plans to start competition with at least two factory cars in the 2021 FIA World Endurance Championship. The car was planned to compete without a hybrid system, despite the road car containing one. The initial project was scrapped in February 2020, following the Automobile Club de l'Ouest's decision to allow LMDh vehicles to participate in the Hypercar project, as well as Aston Martin's entrance into Formula One, which left the company with limited finances to support the programme. The Valkyrie Hypercar project was revived three years later in 2023.
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