United States · Business news · AI & Tech · 06 Oct 2026
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AI: Funding and deals · Alphabet (Google) — more AI news
Bloomberg reported that Waymo, Alphabet's self-driving unit, increased its first private debt deal to $5 billion. Pimco, Blackstone and Sixth Street Partners were among the lenders and Goldman Sachs arranged the loan, which was priced at 5.25 percentage points over the benchmark rate. The money is for vehicle fleets and rising AI computing costs as Waymo adds US cities and prepares for Japan and Singapore. Waymo raised $16 billion of equity earlier this year at a $126 billion valuation.
The finance angle is the change of funding source: $5 billion of debt at 5.25 points over the benchmark, after $16 billion of equity, means private-credit funds are now paying for a robotaxi fleet and the compute behind it. The interest falls on Waymo, not directly on Alphabet's own balance sheet, and the lenders named are large listed or listed-affiliated credit managers. Waymo's stated goal is 1 million paid rides a week this year; the loan had not formally closed at the time of the report.
Reported by Investing.com — “Waymo upsizes debut private loan to $5 billion to fund expansion - Bloomberg” ↗ on 06 Oct 2026.
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