EV Truck Maker Rivian valuation would top most auto stocks

Electric-driving start-up Rivian is reportedly seeking a valuation of around $80 billion when it sells shares in an IPO soon.

Rivian’s valuation is dazzling and even great for an EV company. The projected market cap exceeds Chinese EV maker NIO (NIO) $63 billion market cap, and it exceeds EV start-up Lucid (LCID) and XPeng (XPEV) combined.