Big news in equity markets today as the stock of Rivian Automotive (Nasdaq: RIVN) began trading in public markets. - press release from company: [https://investors.rivian.com/news-releases/news-release-details/rivian-announces-pricing-upsized-initial-public-offering](https://investors.rivian.com/news-releases/news-release-details/rivian-announces-pricing-upsized-initial-public-offering) - prospectus on the company (in case you are interested in the details of what they do, their product pipeline and financials): [https://www.sec.gov/Archives/edgar/data/0001874178/000119312521321716/d157488ds1a.htm#toc](https://www.sec.gov/Archives/edgar/data/0001874178/000119312521321716/d157488ds1a.htm#toc) Some facts: - Amazon owns 20% from a $1.3Bn investment, so they are going to make $10Bn+ on this IPO - Ford owns 12%, so they will benefit as well - Amazon has an exclusive right to battery powered delivery vehicles for 4 years and has placed an order of 100,000 vehicles by 2030. They will be on the road starting next year.