This replaces an earlier item that incorrectly reported when the beneficially owned shares were purchased. It has been corrected.
Amazon.com Inc. AMZN, +13.54% disclosed overnight that it beneficially owned a more than 18% stake in electric-vehicle maker Rivian Automotive Inc. RIVN, +0.84%, and a more than 5% stake in self-driving software company Aurora Innovation Inc. AUR, +22.15% Amazon said late Wednesday it beneficially owned 162,086,884 shares of Rivian, or 18.1% of the shares outstanding, including a warrant to buy 3,723,050 shares. At current prices, the shares would be valued at about $9.75 billion at current stock prices. That would be enough to make the ecommerce giant Rivian’s largest shareholder, according to FactSet; Ford Motor Co. F, -9.70% is the fifth largest with a 10.7% stake. In a 13F filing also filed late Wednesday, Amazon had owned 158,363,834 Rivian shares as of Dec. 31. Amazon also disclosed that it had beneficial ownership of 35,239,761 Aurora Innovation Class B shares, which are convertible on a 1-to-1 basis into Class A common stock. That would represent 5.2% of the shares outstanding, which would make Amazon the third-largest shareholder, according to FactSet data, behind Uber Technologies Inc. UBER, +7.27% at 46.8% and Toyota Motor Corp. TM, -1.33% 7203, -0.70% at 7.4%. Amazon didn’t list Aurora Innovation shares has holdings in its 13F. Rivian shares shed 6.5% in morning trading Thursday and Aurora’s stock lost 3.7%, while Amazon shares fell 6.8% and the S&P 500 SPX, +0.52% gave up 1.4%.
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