Why it matters
The financing gives Waymo capital to pursue its robotaxi expansion and marks a new funding approach for the Alphabet-owned company.
Coverage 1 publisher
Articles stay on their publishers’ sites; each link opens the original.
New
Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
Waymo secures a $5 billion loan from Blackstone and PIMCO to fund its robotaxi expansion. The Alphabet-owned company is turning to debt financing for the first time.