Waymo Valued At $126 Billion Amid Big Losses

Waymo is valued at one hundred twenty-six billion dollars even as its parent company just suffered its worst market drop since two thousand and four. Alphabet lost four hundred eighty-two billion dollars in market value on Thursday after a massive sell-off. The part nobody is talking about is the robotaxi division bringing in just three hundred seventy-two million dollars last quarter. That tiny amount accounts for a fraction of overall sales while the division actually lost over two billion dollars. Here is the catch. Waymo is pushing ahead with global expansion into London and Tokyo with plans for more than twenty new cities. It is leaning heavily on outside investors and a recent five billion dollar term loan to fund the growth. Sundar Pichai claims the company is on a massive revenue run rate despite shareholders punishing heavy spending on technical infrastructure.