Morgan Stanley analysts Brian Nowak and Adam Jonas say Alphabets Waymo self-driving car unit could be worth $70 billion. Waymo could be a good spin out candidate and that its value is not being taken into account in Alphabet’s current stock price.
They do not believe Waymo or any of the ‘Other Bets’ are currently being reflected in GOOGL’s share price.
The potential $70 billion valuation is based on Waymo holding 1% of global miles driven by 2030 and generating $1.25 in revenue for each mile driven.
Waymo’s self driving car technology is far in advance of its competitors with 5000 miles being driving between human intervention compared to many others with only one mile before intervention is required.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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