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Rivian is now biggest US company by market value with no revenue – Aljazeera.com

Rivian Automotive’s shares have soared 67 percent from their initial public offering price of $78 on Wednesday.

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Add another milestone to Rivian Automotive Inc.s blistering and surprising run as a new stock: Its now the biggest U.S. company by market value with no revenue.
The electric-truck maker, backed by Amazon.com Inc. and Ford Motor Co., has unseated Lucid Group…

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