Waymo Borrows $5 Billion To Fuel Its Global Robotaxi Expansion

Waymo has successfully raised $5 billion in private debt to support its robotaxi expansion across more U.S. cities, with key contributions from Blackstone Inc, Sixth Street Partners, and Pacific Investment Management Co. The debt offering is priced at 5.25 percentage points over the benchmark rate and is expected to close soon, following a previous funding round earlier this year that raised $16 billion and boosted its valuation to approximately $126 billion. Waymo's autonomous ride-hailing service has provided about 15 million paid rides in 2025, nearly tripling the previous year's volume, and aims to reach 1 million paid rides per week by year-end while planning international expansions into Japan and Singapore.