Waymo taps into debt markets with $3B deal with Pimco, Blackstone - report

Waymo is pursuing its first-ever debt deal, seeking over $3B in unrated debt from PIMCO, Blackstone, and Sixth Street. This strategic move into debt markets reflects the ongoing pressure on autonomous vehicle firms to maintain financial sustainability while managing rapid expansion. By tapping into these resources, Waymo aims to balance its growth objectives with fiscal stability. The deal marks a significant shift in how the company finances its operations within the competitive autonomous driving sector.