Waymo Tesla costs more and Uber. Can you guess why?
Division Alphabet, which is engaged in a self-governing transport - Waymo - can raise capital from outside for the first time. In this case, the company's value will be "several times larger than" Cruise, a similar branch General Motors, which is estimated at approximately $ 15 billion. According to TechCrunch referring to The Information, Waymo did not respond to a request for comment.
How much is Waymo
Waymo, which this year celebrates its tenth anniversary, needs a large amount of cash. Raising capital from outside investors, which encouraged Chief Financial Officer Ruth Porat, help control costs and demonstrate for the first time Waymo assessment for several years. Alphabet, however, does not want to give too large a share in the business.
Already a few years ago Waymo estimated at 4, 5 billion dollars, although analysts say it could exceed $ 175 billion, based on forecasts of future earnings. Go back and re-read this line. For comparison, even in the estimation of 100 billion dollars put Waymo significantly ahead of Uber, Tesla, GM and Ford. Google, as currently has a capitalization of 817 billion dollars, can afford to support Waymo. However, this is not the first time that a searcher is looking for outside investors willing to invest in its incredible adventures, rather than to develop new business in equity. As Verily, Google-owned organization in the field of life sciences research and Makani, wind power unit, as Google has withdrawn from the X, sold shares of Silver Lake and Shell.
Cruise, for its part, has also attracted outside capital since the 2016 acquisition of its GM for 581 billion dollars. In mid-2018 Vision Fund has invested 2, 25 billion dollars in the Cruise, giving SoftBank nearly 20 percent stake in GM's own business.
What does Waymo?
Waymo became a separate business in 2016 and today is managed by CEO John Krafcik, Porat and technical director Dmitry Dolgov. The company hit the headlines late last year when launched Waymo One, a commercial service robotaksi in the Phoenix area - the first profitable undertaking. Most recently Waymo announced that it will sell its own light sensor and range finders, ie, LiDAR, companies outside the industry autonomous vehicles that also bring her money. It is estimated that already in 2030 Waymo revenues could reach 114 billion dollars.
Well, it all goes to the fact that competition in the market of self-cars will be stunning. Not so long ago we wrote about the fact that Amazon has invested in the start-up self-managed car, created originally from Uber, Tesla and Waymo. Investments were also quite good - around half a billion dollars - but it can not be compared with the potential evaluation Waymo. What do you think has the potential to whether the startup at $ 175 billion? Tell us in our chat in the telegram.