Rivian's $80 Billion IPO Is Based On What?

Is Rivian Automotive the $80 billion company it’s aiming to be in an upcoming IPO? That’s the number sources gave us in our scoop a few days ago, though the company hasn’t disclosed its target.

Well, we spent the weekend crunching the company’s estimated sales into our proprietary discounted cash-flow model, dialed in the WACC just right and voila…