GoKawiilWaymo secures $5 billion loan from Blackstone and PIMCO for expansion
Waymo has finalized a $5 billion debt agreement with prominent lenders including PIMCO, Blackstone, and others, marking its first such financing. The funds aim to support the company's growth in existing and new markets across the US, Europe, and Japan, as it transitions into a larger commercial enterprise. Previously, Waymo relied on equity funding from Alphabet and other investors, with recent rounds valuing the company at over $126 billion.