April 18, 2024



Amazon-backed ‘Tesla killer’ startup shows how to become US’ biggest company earning nothing


November 14, 2021

Rivian Automotive has become the largest US business by market value despite having little revenue just days after its outstanding Nasdaq debut.

The stock was at nearly $130 per share at the end of Friday’s trading session, marking a daily surge of more than 5.65%, after a jump of over 67% from its initial public offering price of $78 during its first day at the stock exchange on Wednesday.

Read more…