Those interested in autonomous vehicles may want to consider purchasing Waymo stock. But is it possible to invest in Waymo?
Stay with me, and I’ll give you the lowdown on this and the stocks of some of your rivals.
Is Waymo a Shared-Held Company?
Waymo is not a publicly listed business, so you cannot invest in it now. However, Waymo is listed on the stock market, so investors may put their money in the company. However, this is not the same as really purchasing the stock.
We’ll also discuss a potential avenue for acquiring Waymo shares in the future, ahead of an initial public offering.
First, we’ll find out what sets Waymo’s autonomous vehicles and technology apart.
What or Who is Waymo?
When it comes to self-driving cars, Waymo is the company to turn to for commercial and consumer uses. The company’s automobiles are “autonomous,” meaning they can travel without a human driver.
After beginning as a Google side project, Waymo is now offering fully autonomous taxi service in the states of Arizona and California.
Waymo provides several technological solutions, such as:
- Waymo Driver – autonomous driving technology
- Waymo One – an autonomous taxi service
Autonomous transportation and trucking using Waymo Via.
Despite its brief existence, Waymo has already accomplished a great deal. Waymo was established in 2009 and began life as the Google Self-Driving Car Project.
Waymo co-founders Sebastian Thun and Anthony Levandowski began developing autonomous vehicles in the years before 2009. Google acquired them in 2009, when the Google X Laboratories were active and had received accolades for their previous work.
While Levandowski was a brilliant engineer, Thun was the Stanford Artificial Intelligence Laboratory director. Google’s goal with self-driving cars was to improve Google Maps and eliminate the need for human taxi drivers.
The corporation actively pursued the legalization of autonomous cars in the early 2010s. It said that human error is the root cause of most accidents and that autonomous vehicles will make driving safer.
Net-Worth and Income of Waymo
As of right now, Waymo is worth somewhere about $30 billion.
At first look, this sounds like a lot of money, but it’s less than half of what the firm was worth a year ago. Moreover, there has been a massive 85% drop from Waymo’s previous value of $200 billion to its present price.
Money is made through:
- Taxi service – Its primary functions are: (a) transporting things (it has a collaboration with Amazon) and (b) selling its technology to other automobile manufacturers.
According to the most current financial data (2020), Waymo earned $1 billion. Despite receiving funding from Alphabet, the firm raised nearly $3 billion from other investors in the same year.
Whose Owns the Waymo Company?
Alphabet owns Waymo. In 2016, Waymo formally broke out from Google and is now a startup firm operating under the Alphabet banner.
Waymo is presently an Alphabet Inc. subsidiary. The new goal of Alphabet is to provide “a new path forward in mobility.” This motivated it to collaborate with other businesses to implement autonomous driving technologies in passenger cars.
Since the split, Waymo’s technology has made steady progress. The business often puts its cars through rigorous testing on public roads to enhance roadworthiness and driver protection.
Waymo’s autonomous vehicles are quite sophisticated, with the ability to recognize other vehicles on the road via their lights and sirens.
Tips for Buying Waymo Shares
Even if you can’t acquire Waymo shares, you can still put money into the firm. Acquiring Alphabet, Inc. shares is like investing in Waymo. Since investing in Waymo’s cutting-edge innovation is a gamble, you could be better off with Alphabet in the long term.
With a gigantic market valuation and over a decade of uninterrupted expansion, this tech giant is a true business juggernaut. Its share price has been falling for almost half a year.
As was previously noted, there is a potential additional avenue for future Waymo investment. For example, some businesses sell pre-IPO shares on private markets to avoid becoming public.
Accredited investors may participate in a wide variety of privately held businesses via platforms like EquityZen and Linqto (review). But, in a novel twist, Linqto is offering Linqto shares for sale.
Both of these firms do not seem to be offering Waymo shares before the IPO; nonetheless, you may want to keep a watch on them.
Launch Dated of Waymo Stock
Once Waymo begins trading on public markets, we will announce the IPO date.
As of right now, there are no declared plans or upcoming dates for this year.
Stock Code for Waymo
Waymo is a private corporation that does not have a stock ticker. However, Alphabet, its parent firm, undoubtedly does. The stock symbol for Alphabet is “GOOG.”
How Much Is Waymo Stock?
As a subsidiary of Alphabet, Waymo does not have its stock price. Contrarily, a share of Alphabet stock now costs about $2,300.
This is a lot of money to spend on a single stock, but you can always acquire fractional shares via services like Robinhood or Webull.
Should I Consider Investing in Waymo if It Goes Public?
Various companies have recently engaged in an arms race to produce the most advanced autonomous vehicle possible. Waymo is now in the first place.
The firm’s history is more than sufficient justification for the public’s recent access to its technologies.
Waymo has developed some of the most advanced data and testing methods for autonomous vehicles.
A stock like this might be a good investment if the firm plans to go public.
The future will be dominated by autonomous automobiles.
One way that many businesses have prioritized driving safety is by eliminating opportunities for human mistakes.
Here, Waymo is the frontrunner. Unfortunately, stocks in Waymo cannot be purchased at this time since they are not publicly traded. But if it does announce an IPO, it may be a terrific opportunity to diversify your portfolio to include driverless cars.
FAQs About Waymo Stock
- Does Google have Waymo stock?
In contrast to Google shares, Waymo is owned by Alphabet, Inc., Google’s parent firm. But Google wasn’t Waymo’s owner until 2016. As a result, stock in Waymo is now traded under the ticker symbol “GOOG” (which stands for Alphabet, Inc.). Waymo does not have a stock ticker symbol.
- How can I buy shares in Waymo?
Those interested in investing in Waymo may do so via an intermediary by purchasing shares of Alphabet Inc. Alphabet is a tech giant that has grown steadily for over a decade. However, its stock price has fallen in the last six months.
- Can Waymo Compete with Tesla?
When comparing the two, Waymo’s autonomous technology is clearly more advanced. LiDAR, radar, cameras, sophisticated sensors, and other technologies are just some of the tools Waymo uses. Tesla employs this technology to a certain extent, but only in restricted applications.
- Is Waymo Capable of Generating Revenue?
If autonomous driving becomes the norm in the future, Waymo seems to be in an excellent position to capitalize on the trend. However, competitors may steal away part of Waymo’s market share before the technology takes off.
More Information About Waymo
Over 600 of Waymo’s autonomous vehicles are now accessible to the public throughout the United States.
Waymo is the first business to provide an autonomous ride-hailing service in the Phoenix, Arizona, region and has announced multiple collaborations.
There are no backup safety drivers or steering wheels in the Waymo fleet. The Waymo Driver is the name of the technology. The Waymo Driver will pick you up in an autonomous car and take you to your destination.
Waymo One taxis also started showing up in San Francisco last year.
However, there is still a lack of coverage in San Francisco. Waymo’s manufacturing partners include GM, Jaguar Land Rover, Fiat Chrysler, Nissan Renault, Volvo, and Stellantis.
Given the enormous potential of the autonomous driving market, the company’s growth over the next decade seems inevitable.
Waymo has been so successful because it implemented completely autonomous cars and vehicles in the real world.
However, the business has said it will cease selling its technology to manufacturers around 2020. Because of this change, Waymo can advance its services without artificially boosting possible rivals.
This smart strategy might help the firm become less dependent on licensing its technology to others and start producing money on its own.