Alternate title: "Rivian, who is aggressively investing in building their business, files for IPO"
Just wondering when anyone in the media is going to figure out that it takes a f*ck load of money to build a modern auto manufacturer. Hell the incumbents aren't even willing to spend the money
Yes it takes a lot of money to succeed in the auto biz, but that doesn't mean any companies spending a ton of money will automatically succeed.
Retail investors/ Media do not have access to critical information it takes(or skill) to evaluate a early stage company like Rivian the kind a VC/PE would have.
They are effectively pointing the problem of very early stage companies without revenue or production going for IPOs.
Rivian is not even the first large one in the auto space doing a pre-revenue / pre-product IPO, tuSimple did one in April at $8.5 B valuation.
Just wondering when anyone in the media is going to figure out that it takes a f*ck load of money to build a modern auto manufacturer. Hell the incumbents aren't even willing to spend the money