"Could Rivian acquire Ford?" Great question actually. First, remember Ford's shares are split 60/40 with the Ford Family controlling 40% of the company. Rivian could attempt to raise maybe $100 billion or so required to buy the 60% common shares at nominal takeover pricing, but the Ford Family would still have a controlling interest with the other 40% in Class B preferred shares. Lots of rookie investors make the mistake of assuming that the company market capitalization has any meaning beyond what the investing community thinks the SHARES are worth that day. Has nothing to do with the actual valuation of the corporate assets or a takeover price. So for instance, the fact that Tesla shares are priced at some $760 billion does not mean that they could buy 14 Ford-size companies. It doesn't work like that: Tesla only has about $19 billion in cash, and that is only after having sold some $20 billion in additional shares over the last year or so. At best, Tesla could maybe acquire a 10% stake in Ford with the cash they have available. If they wanted more, they would have to sell many millions of additional shares to raise the necessary cash to do so, and that would dilute the shares and the pricing. Not a winning strategy. As for Rivian, it remains to be seen how much cash they actually raise in selling shares in IPO. Just keep in mind they need that cash to ramp up production and prepare the next in the product line. It isn't free for buying the "parent". Also note that in a true takeover scenario, Ford shares could easily demand 2-3x the current valuation, and maybe more. Ford's assets are listed at $250 billion, some 5x the market cap, and Ford's Enterprise Value is $160 billion, some 3x the market cap. Just some thing to keep in mind when you are talking about "acquiring Ford". It is not as easy as you think.notes via a user