At $18.2 Billion, Uber Worth More Than Hertz, United Continental

Jun 6 2014, 4:26pm CDT | by

Uber began shuttling riders around in black cars in San Francisco four years ago. Today, at $18.2 billion, the car service app is worth more than decades-old legacy companies that shuttle people across the globe.

Uber’s meteoric rise has led to a recent round of valuation-guessing, which started at $12 billion and edged up to Friday, when the Wall Street Journal reported the company said it’s raising $1.2 billion — more than most startups are ever worth — at an $18.2 billion valuation.

That valuation likely makes CEO and co-founder Travis Kalanick a billionaire. It also means Uber, which raised $360 million in August at a $3.8 billion valuation, has almost quintupled its valuation in the past year. Uber is second, behind Facebook, in a list of most valuable venture-backed companies. Facebook raised a round in 2011 that valued it at $50 billion.

In the past year, Uber has outstripped car, transportation and logistics companies that spent decades achieving comparable market caps.

Just for perspective, a rough and incomplete list of companies that Uber is now worth more than:

Avis — $6.34 billion

Hertz — $12.4 billion

 United Continental Holdings — $17.9 billion

Fiat — $12.9 billion

Best Buy — $10.1 billion

Sony — $16.8 billion

Mitsubishi Motors — $10.4 billion

Expedia — $9.7 billion

TripAdvisor — $14.8 billion

RyanAir — $16.1 billion

Hyatt — $9.6 billion

And companies that Uber is close to catching up to:/>/>

Tesla Motors — $25.8 billion

Southwest Airlines — $19.1 billion

Marriott — $18.4 billion

Clarification: The list has been changed to reflect that United Continental Holdings, not United Airlines, is worth $17.9 billion. United Airlines is owned and operated by UCH.

Follow Ellen Huet on Twitter at @ellenhuet.

 
 
 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Facelifted Honda CR-Z Images Leaked
Facelifted Honda CR-Z Images Leaked
The Honda CR-Z Hybrid’s images leaked in China.
 
 
Facelifted Honda CR-Z Images Leaked
Facelifted Honda CR-Z Images Leaked
The Honda CR-Z Hybrid’s images leaked in China.
 
 
Honda Announces Baja 1000 with Twin Turbo V-6 Engine
Honda Announces Baja 1000 with Twin Turbo V-6 Engine
Honda will make its 4-wheel off-road factory racing return this November in the SCORE Baja 1000 desert race with a factory backed vehicle powered by Twin-Turbo V-6.
 
 
Bond's Aston Martin DB10 will appear at Salon Privé 2015
Bond's Aston Martin DB10 will appear at Salon Privé 2015
The incredible beautiful Aston Martin DB10 will be on display Salon Privé 2015 next week.