Bloomberg Technology

Rivian Ready to Go Public Valued at $53 Billion

Rivian Automotive Inc., the electric truck maker backed by Amazon.com Inc., plans to raise as much as $8.4 billion in an initial public offering that could give it a value of as much as $53 billion. Ed Ludlow reports on “Bloomberg The Open.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full…

Published

4 years ago

November 5, 2021

CYBER TECH TV

Rivian Automotive Inc., the electric truck maker backed by Amazon.com Inc., plans to raise as much as $8.4 billion in an initial public offering that could give it a value of as much as $53 billion. Ed Ludlow reports on “Bloomberg The Open.”
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This is unreal at Kathleen Hays a company that only started
delivering in August. I believe the number and you can give me

the number is still very very low and it is said to have a
market cap of 60 billion. Seriously.

Yeah. This is a company that’s literally built a couple of
hundred units of its debut Eevee. They’re seeking a market cap

of around 53 billion dollars. If you take into consideration the
IRS using options around 60 billion. We reported in August when

they filed for IPO that they were targeting a valuation 80
billion dollars 8 0. So there’s been some natural settling of

that valuation. But there’s demand that you have names like you
know Blackstone. You have names like Franklin Templeton

committed to buy five billion dollar blocks of the IPO shares at
that valuation. You can see where revision sets vs. the world of

existing publicly traded automakers. Right. This is astonishing.
But they’ve built a big reputation. They raised ten point five

billion dollars before filings go public from big names you know
from from some of the biggest names on Wall Street essentially.

And they’ve got the backing of Amazon and Jeff Bezos which is
worth its weight in gold. You see that each round it’s raised

the new and higher valuation a sign that’s the share price for
each of the private rounds. And you know yes right now they are

doing modest production. We reported that actually they’re
suffering from supply chain and prioritizing a battery electric

delivery delivery van from Amazon. But as I’ve reported John
this is a very prudent company. They’ve taken their time.

They’ve hired a lot of key talent from Tesla from JP Morgan for
their CFO. And by all accounts what I’m hearing is they’re

ready.

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9 Comments

Edgar Cardenas

November 5, 2021 at 7:18 pm

$#$ Forbes owner blue pen ????️ boss Tony stark

Reply
lewisgv

November 6, 2021 at 12:09 am

Tesla no.1

Reply
- Kevin Pasala
  
  November 6, 2021 at 3:33 am
  
  For sure. But if this company is only 40 percent of Tesla that’s 400 dollars a share eventually. If it’s worth 65 that’s a 400 percent return.
  
  Reply
- Conner G
  
  November 6, 2021 at 4:52 am
  
  Yea yea we get it
  
  Reply
- Thad L M
  
  November 6, 2021 at 11:10 pm
  
  @Conner G Tesla is the next Tesla….
  
  Reply
Prabakaran Perumal

November 6, 2021 at 4:01 am

I am still unable to understand valuation like 50 billion or 60 billion for zero revenues.

Reply
Mark Plott

November 6, 2021 at 6:56 am

Short sellers are going to TANK the Rivian IPO to $0/share.

Reply
Arise Training Program

November 6, 2021 at 10:12 am

Boooooooo ridiculous eval. You’re not special, you need to validate you can manufacture at scale and be profitable

Reply
Cybrtrk

November 6, 2021 at 1:09 pm

Not a single vehicle delivered to a customer… what a mockery of human emotion to invest in EV transition.

Reply

Bloomberg Technology

Tech Stocks Rally on the Back of US-Iran Ceasefire Deal | Bloomberg Tech 4/8/2026

Published

5 hours ago

April 8, 2026

CYBER TECH TV

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the rally in tech stocks and fall in energy prices as markets react to a two-week ceasefire deal between the US and Iran. Plus, Anthropic is giving tech firms early access to its new Mythos model to get ahead of possible cyberattacks that could wreak havoc. And, Apple’s first foldable phone is still on track to launch in September, despite reports of major manufacturing delays.
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Snowflake Seeing Strong Return on AI Investment: CEO

Some of Snowflake’s coders are producing work 24 hours a day using AI agents, says CEO Sridhar Ramaswamy. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: …

Published

7 hours ago

April 8, 2026

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Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

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Bloomberg Technology

Apple’s Foldable Phone On Track for September Launch

Apple’s first foldable phone is still on track to launch in September, despite reports of major manufacturing delays. Bloomberg’s Mark Gurman discusses the phone’s features and why it could mark a big shift in the foldable market. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology…

Published

8 hours ago

April 8, 2026

CYBER TECH TV

Apple’s first foldable phone is still on track to launch in September, despite reports of major manufacturing delays. Bloomberg’s Mark Gurman discusses the phone’s features and why it could mark a big shift in the foldable market. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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