Waymo could be worth $175 billion — here’s the history of the Google Car project (GOOGL)

waymo google self-driving car

  • Waymo, formerly the Google Car project, is almost ten years old.
  • After more than 8 million self-driving miles, Waymo is preparing to commercialize in 2018 and 2019.
  • Morgan Stanley has pegged Waymo’s value at $175 billion.

Waymo is almost a decade old. What started as secretive Google X lab undertaking is now on the verge of being a commercial business, planning to launch in limited markets this year and expand in 2019.

Since 2009, Waymo has amassed over eight million self-driving miles, using a variety of platforms. Along the way, a who’s who of autonomous pioneers has worked on the project: Sebastian Thrun, Chris Umson, Anthony Levandowski. Spunoff from Alphabet, Google’s parent company, in 2016, Waymo is now run by John Krafcik, a seasoned auto-industry executive.

Morgan Stanley recently pegged Waymo’s potential value at a stunning $175 billion (the $50 billion-$75 billion range was what many analysts had previously suggested). That was due largely to Krafcik’s ambitious go-to-market objectives, which include not just an autonomous ride-hailing service of the type currently being piloted in Phoenix, AZ,

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