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Robotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans [Yahoo! Finance Canada]
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The fundraising announced Monday values Waymo at $126 billion. The appraisal underscores investors' desire to own a piece of the rapidly expanding robotaxi market, as well as how far Waymo has come since starting as a “moonshot” project within Google 17 years ago. Analysts had estimated Waymo was worth about $30 billion just five years ago after a flurry of fundraising. The new valuation may feed recurring speculation that Waymo will eventually pursue an initial public offering as part of a spinoff from corporate parent Alphabet Inc, which also owns Google. Alphabet, which boasts a market value of nearly $4.2 trillion, led the fundraising that also included an array of prominent venture capitalists and investment funds. In a blog post, Waymo said it plans to use the the money to extend its reach beyond the six metropolitan areas where its robotaxis already give rides in California, Arizona, Georgia, Texas and Florida. It's gearing up to enter more than 20 other cities, includ
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- Musk joins his rocket and AI businesses into a single company before an expected IPO this year [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Robotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Robotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans [Yahoo! Finance][Yahoo! Finance]
- Elon Musk's SpaceX acquires xAI [Yahoo! Finance][Yahoo! Finance]
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