Rivian Automotive’s CEO, RJ Scaringe has filed confidentially for an initial public offering (IPO) with a potential valuation of $80 billion(USD). To justify that valuation Rivian would have to generate close to $4 billion of EBITDA in 2025. To do so would entail facing none of the delays or problems other nascent EV manufacturers have faced. Given the support and investment in Rivian from companies like Ford, Amazon and investment firm BlackRock, it’s possible but will require the kind of optimism that has propelled other EV manufacturers like Tesla’s market capitalizations to eye watering heights.

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