Last month its initial public offering raised more money than any IPO on a U.S. listing since 2014, making Mr. Scaringe an instant billionaire. Mr. Scaringe declined to comment for this article, citing the so-called quiet period companies typically observe after an IPO. "The electrification of the auto industry,'' Mr. Scaringe said, "is a planet-wide imperative requiring more than 1 billion new vehicles.'' In all, Mr. Scaringe stands to own about 49 million shares if all his options were to vest. Building Rivian, Mr. Scaringe has said in past interviews, was a highly complex and emotional journey.

Source: Bangkok Post December 12, 2021 23:55 UTC