{"id":2558,"date":"2021-11-10T00:00:00","date_gmt":"2021-11-10T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/"},"modified":"2025-02-28T14:41:11","modified_gmt":"2025-02-28T14:41:11","slug":"bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/","title":{"rendered":"Bezos-backed electric carmaker Rivian in biggest US float since Facebook"},"content":{"rendered":"<p>Company was briefly worth over &pound;100bn after flotation, more than Ford or General Motors<\/p>\n<p>The Jeff Bezos-backed electric carmaker Rivian has raised more than $11bn in a stock market sale that briefly valued the company at more than $100bn in one of the world&rsquo;s biggest ever floats.<\/p>\n<p>The share sale on Wednesday was the largest since Facebook in 2012 and valued Rivian higher than Ford or General Motors, even though before the sale the company revealed it had lost more than $2bn since the start of last year and had delivered just 53 vehicles by the <a href=\"https:\/\/insideevs.com\/news\/542908\/rivian-production-numbers-first-month\/\">end of last month<\/a>. It plans to deliver 1,000 by the end of the year.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/environment\/2021\/nov\/10\/bezos-rivian-world-biggest-ipos-shares-electric-carmaker-ford-general-motors-stock-market-debut\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company was briefly worth over &pound;100bn after flotation, more than Ford or General Motors The Jeff Bezos-backed electric carmaker Rivian has raised more than $11bn in a stock market sale that briefly valued the company at more than $100bn in one of the world&rsquo;s biggest ever floats. The share sale on Wednesday was the largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bezos-backed electric carmaker Rivian in biggest US float since Facebook - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bezos-backed electric carmaker Rivian in biggest US float since Facebook - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"Company was briefly worth over &pound;100bn after flotation, more than Ford or General Motors The Jeff Bezos-backed electric carmaker Rivian has raised more than $11bn in a stock market sale that briefly valued the company at more than $100bn in one of the world&rsquo;s biggest ever floats. The share sale on Wednesday was the largest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\" \/>\n<meta property=\"og:site_name\" content=\"Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-10T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T14:41:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/6918.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"140\" \/>\n\t<meta property=\"og:image:height\" content=\"84\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\"},\"author\":{\"name\":\"Editorial Team\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e\"},\"headline\":\"Bezos-backed electric carmaker Rivian in biggest US float since Facebook\",\"datePublished\":\"2021-11-10T00:00:00+00:00\",\"dateModified\":\"2025-02-28T14:41:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\"},\"wordCount\":123,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/6918.jpg\",\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/bezos-backed-electric-carmaker-rivian-in-biggest-us-float-since-facebook\/\",\"name\":\"Bezos-backed electric carmaker Rivian in biggest US float since Facebook - 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