Amazon made more than $400 million in capital investment in Q2

Amazon disclosed earlier this week that its equity investments in public companies totaled $2.525 billion as of June 30.

Most of that amount came from an investment in electric vehicle manufacturer Rivian Automotive Inc., of which Amazon owned 158.36 million shares, worth $2.125 billion as of June 30.

For comparison, at the end of the first quarter, Amazon’s investment value was $2.117 billion, of which $1.734 billion were Rivian shares.

Rivian shares closed at $13.42 on June 28, up 22.6% from the March 28 close of $10.95.

So, in the case of Amazon’s Q2 10-Q, which has historically been filed the day after the earnings announcement, it is likely that the “Other income (expenses)” section will state that “Gains (losses) from valuation of marketable securities” were approximately $408 million. In the Q1 10-Q, Amazon booked ($2.126 billion) in losses, including a $2 billion loss on Rivian shares.