(25News Now) - Electric vehicle maker Rivian Automotive said it has finalized a $6.6 billion loan agreement with the federal government just days before the Trump Administration takes over.

Rivian stock finished its IPO trading day up 29% on Wednesday, giving the electric truck maker a market valuation of nearly $100 billion on a fully diluted basis. That makes it more valuable than ...

That valued Rivian at almost $86 billion, more than both General Motors, which has a market value of $85 billion, and Ford, whose market cap is $80 billion.

Rivian, an American automaker specialising in electric pickup trucks, sport utility vehicles, and vans, announced Tuesday it had raised $11.9 billion (roughly Rs. 88,250 crore) in its Wall Street ...

Adjusted from earlier speculations of an $80 billion IPO valuation, Rivian's latest S-1 filing reveals its intentions to sell 135 million shares for proceeds of $72 to $74 apiece. This brings its ...

Rivian's fully diluted market cap will be about $77 billion at its IPO price. At last check, Ford has a market cap of $80.5 billion, General Motors $86.5 billion and Tesla Automotive $1.17 trillion.

At close to $70 billion, Rivian’s market capitalization would approach that of Ford Motor, which is valued at $80 billion and sold more than four million vehicles worldwide last year.

Rivian IPO Values EV Startup at Massive $77 Billion Figure It's a huge figure for a startup still in the early days of ramping up production. Lewin Day Updated Nov 10, 2021 9:31 AM EST ...

For context, Ford F, one of Rivian’s largest investors and electric truck rivals, has a market cap of about $80 billion. Investors weren’t discouraged by the Rivian IPO’s higher-than ...

Today's Rivian IPO has the company (at this writing) valued at well over $93 billion, making it the second most valuable U.S. automaker after Tesla (with a stock market cap of just over $1 trillion).

Rivian, the Irvine, California-based electric truck maker, went public Wednesday morning in an IPO that raised $11.9 billion and that values the company at $77 billion.