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What if Rivian split off each and every car they ever make into its own IPO?

"As of October 31, 2021, we had approximately 55,400 R1T and R1S preorders in the United States and Canada from customers who each paid a cancellable and fully refundable deposit of $1,000. Based on our current production forecast, we expect to fill our preorder backlog of approximately 55,400 by the end of 2023." -Rivian.

I think it’s clear that with their 156 delivered to date that their $737,179,487 per vehicle market cap could IPO near a billion dollars in their own separate IPO. Think of just how much money could be raised for each vehicle, it would be like crowdfunding vehicles for rich people which our country has loved to do for decades, but now it’s just more transparent.

submitted by /u/SoDakZak
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