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

Ford Launches On-Demand Bus Service BRIDJ in Kansas City
Ford Launches On-Demand Bus Service BRIDJ in Kansas City
To help urban mobility the city has launched a pilot program using Ford transit vans.
 
 
Tinted Windows Lead to Arrest of "Hobbyist"
Tinted Windows Lead to Arrest of "Hobbyist"
If you're going to carry around drugs, guns, and a bag of lock picks, don't tint your windows pure black.
 
 
Mazda Rotary to Become Turbocharged
Mazda Rotary to Become Turbocharged
The engineers at Mazda are reportedly working on a possibility of a high-revving rotary engine on track.
 
 
2016 Ferrari FF Teased Before 2016 Geneva Motor Show
2016 Ferrari FF Teased Before 2016 Geneva Motor Show
The teaser for Ferrari FF shows an updated front with slimmer headlights resembling silver eyebrows.