Waymo Secures $5 billion in Loans from Blackstone, PIMCO and Others
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View chart & analysis → - 1Waymo, a subsidiary of Alphabet, has secured $5 billion in loans from PIMCO, Blackstone, Sixth Street, and others.
- 2Waymo recorded $16 billion in equity financing last February, reaching a company valuation of $126 billion.
- 3Waymo explained that this loan is a significant step in its evolution into a commercial enterprise.
So what's the key point?
Waymo has borrowed $5 billion from large investment firms. This loan is an important part of Waymo's progress toward becoming a profit-making company.
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