Google’s Waymo could eventually be a $70 billion company (GOOGL)
|05/23/2017||Posted by BusinessMediaguide.Com under General World News||
Waymo, Google’s self-driving car project, recently announced a partnership with the ridesharing company Lyft, which could be its first step towards becoming a major contributor to Google’s overall value.
If Waymo vehicles can account for roughly 1% of miles driven globally by 2030, Morgan Stanley equity analysts Brian Nowak and Adam Jonas believe it could be worth $70 billion, potentially more. That would add roughly 12% to Google’s current enterprise value.
“We are encouraged by Waymo’s new partnership with Lyft as it gives Waymo access to more miles driven – which,” write Nowak and Jonas, “is important to building/optimizing the autonomous read more >>>