https://www.siliconvalley.com/2021/11/12/rivians-stock-surge-irvine-ev-startup-is-valued-like-these-name-brand-companies/

How is a upstart truck maker without a product for sale one of America’s most valuable companies?

Irvine-based Rivian is certainly a gambit, but funding partners such as Ford Motor and Amazon believe it likely will become a serious player in the electric truck business. It went public this week, selling shares on Wall Street for the first time with an enthusiastic reception that gave it a market valuation of $127 billion as of Friday.