September 17, 2021
The economy is still in fairly fragile shape, but some folks are doing quite well.
Consider, for instance, Rivian, an electric truck-maker backed by Ford and Amazon. Rivian has filed for an IPO seeking an $80 billion valuation. Rivian has sold exactly zero (0) vehicles.
Meanwhile, the world is now home to some 800 “unicorns,” privately-held startups valued at $1 billion or more, up from 80 in 2015. At least 19 of those firms are classified as “dragons” — valued at more than $12 billion — including Stripe, SpaceX and Instacart.