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I sure hope Rivian doesn’t have funds in Silicon Valley Bank

Tim-in-CA

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jjswan33

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Seems unlikely. Considering if you wire them money it goes to BofA. Also financing through Chase.

I think they have enough relationships with the big banks that they would park their money there. Sucks to be Roku and others though.
 

pc500

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At least some operating capital will be spread around. Depositors will see most of their money back. It's motly a short term pain.
 

COdogman

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Rivian keeps their money in a bunch of mattresses behind the factory.
 
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Tim-in-CA

Tim-in-CA

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At least some operating capital will be spread around. Depositors will see most of their money back. It's motly a short term pain.
FDIC insurance is only $250k per account
 

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Tim-in-CA

Tim-in-CA

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pc500

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FDIC insurance is only $250k per account
The bank is still mostly solvent and even uninsured deposits see the majority of their money back. Let's say they took a 10% bath on their long-term equities, and and all shareholder value was wiped out first, I bet they will see most of not nearly all their money back post liquidation.
 

R1Sky Business

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The bank is still mostly solvent and even uninsured deposits see the majority of their money back. Let's say they took a 10% bath on their long-term equities, and and all shareholder value was wiped out first, I bet they will see most of not nearly all their money back post liquidation.
Or...... just raise prices 10%.... done.
 

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Zorg

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I am betting on a larger bank buying SVb for peanuts. Bank is embedded in Silicon Valley tech companies like no others
 

jbrumsey

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I am betting on a larger bank buying SVb for peanuts. Bank is embedded in Silicon Valley tech companies like no others
That's generally what happens in these situations when a bank fails. Some other bank will come in and be able to get all of SVBs depositors and assets for a steal and everyone will get paid what they are owed.
 

Acoustic71

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Rivian keeps their money in a bunch of mattresses behind the factory.
And here I always thought they store it in the frunk and gear tunnel of every R1T/R1S until it's time for delivery!
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