With an IPO price of $78, Rivian Automotive is now worth a market value of $77 billion, about $10 billion less than Ford Motor Company that owns 102 million shares of Rivian stock.

This makes Rivian the 8th most valuable auto maker on the planet, more than Ford, BMW and others. That's incredible for a company with such few vehicles out there currently.

Do we think Rivian is really worth this much?