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

Apple is designing its own Electric Car?
Apple is designing its own Electric Car?
Tesla has been rightfully warned in the nick of time. An Apple Car is in the works and it might outdo Tesla Motors. Apple is hiring chief automotive executives and engineers, for its top secret project to build an electric car named ‘Titan’.
 
 
Aston Martin Vulcan
Aston Martin Vulcan Super Car Revealed
Aston Martin revealed another new sportscar after the amazing Aston Martin DB10 for James Bond. Meet the wildest Aston Martin yet. The Aston Martin Vulcan.
 
 
Aston Martin Vulcan unleashed
Aston Martin Vulcan unleashed
The Aston Martin Vulcan is a track-only supercar and it for sure the British luxury brand’s most intense and exhilarating car so far. The 800-plus horse-power, all-carbon fiber Aston Martin Vulcan is set for extreme...
 
 
Where to Find Black Friday Car Deals
Where to Find Black Friday Car Deals
Black Friday 2014 Car sales kick off today at car dealership. Here are the hottest Car Black Friday sales and deals to look for.