From the S-1 they have a fair amount of cash on hand and substantial borrowing facilities which are currently unused. They’re clearly able to raise funds privately.

Going public is as much about timing as it is about capital. There's also lots of investment opportunities that open up with funds and pensions that are limited to only investing in publicly traded companies.

Not sure whether it’s applicable to Rivian, but the SEC has requirements about going public once a company has a certain number of investors.

Rivian’s starting to ship their trucks, and initial reviews seem very positive, so it could also be good timing for them.

They've already raised $10.5b privately. The private valuation is now up to something like $50b so the next logical step is an IPO where they will raise $5b+.

need to pass the bag to someone else. Not buying into another cult of personality.

>We are highly dependent on the services and reputation of Robert J. Scaringe, our Founder and Chief Executive Officer.