Add another milestone to Rivian Automotive Inc.’s blistering and surprising run as a new stock: It’s now the biggest U.S. company by market value with no revenue.The electric-truck maker, backed by Amazon.com Inc. and Ford Motor Co., has unseated Lucid Group Inc., an electric vehicle peer with no sales to its name, at the top of the list.Rivian’s shares have soared 67% from their initial public offering price of $78 on Wednesday. It’s just about a 25% gain away from overtaking Volkswagen AG, one of the world’s largest car producers, in market value. Meanwhile, Lucid has seen its stock price advance 339% this year. It went public via a merger with a blank-check company in July.
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