A Veritable Bargain: Lucid Motors’ Post-Merger Valuation Is at a Hefty Discount to Rivian’s Proposed $70 Billion Valuation
Lucid Motors, a manufacturer of luxury EVs that constituted the focal point of the SPAC mania earlier this year as it sought to finalize a merger agreement with Churchill Capital Corp. IV (NYSE:CCIV), is back in the limelight amid reports that Rivian Automotive (RIVN) is now seeking a $70 billion valuation as part of its efforts to go public via an IPO.
Readers would remember that Churchill Capital IV shares were hammered back in February when, as a part of the agreed-upon Definitive Agreement (DA)…
