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Discussion Starter · #1 ·
A new round of funding is going on at Rivian that involves several existing investors.

Rivian Automotive Inc., the electric-truck startup backed by Amazon and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.

Several existing Rivian investors are participating in the round, which will raise several billion dollars, the people added, asking not to be identified because the matter is private.

Existing investors in the company include Amazon, T. Rowe Price Group Inc., BlackRock Inc., Soros Fund Management, Coatue, Fidelity Investments and Baron Capital Group.
 

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Discussion Starter · #5 ·
Rivian's boost in funding seems to be helping Ford's stock go up as well. Ford's stock has gone up 23% over the past 3 days.

I wonder if Biden's EV announcement helped. If so other stocks should've surged too.
 
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