Jun 6 2014, 4:26pm CDT | by Forbes
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
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.
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