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How to Invest in Waymo: What’s Possible for Retail

Quick Answer

Waymo is not a standalone, publicly traded company, so retail investors cannot buy Waymo shares directly. Investors can, however, obtain indirect exposure through its parent company, which is publicly traded, or pursue less common private pre-IPO paths that are more risky and restricted, and require qualified entry.

Quick Summary

  • Waymo does not have its own public ticker: It is a subsidiary, not a publicly traded company.
  • Retail investors cannot directly purchase Waymo shares: You cannot buy a Waymo share on an ordinary brokerage platform.
  • The exposure can also be indirect through the larger public company: Waymo is owned by Alphabet Inc. (Google).
  • There is pre-IPO investing, which has strict guidelines and risks: Only accredited investors are usually allowed to invest in secondary market shares.
  • Always check the status of companies to prevent fraud: Watch out for sites that promise you pre-IPO allocations.

Waymo remains a private subsidiary, with no direct stock access for retail investors. 

Would you purchase a ticket to the moon if you could? To a lot of investors, the autonomous vehicle (AV) revolution seems like that type of moonshot, a technology that could make everything different. 

As Waymo now expands its robotaxi service into cities such as Phoenix, San Francisco, Los Angeles, and Austin, and stories of the company potentially becoming worth hundreds of billions of dollars, interest in the company has reached a fever pitch.

However, here is a snag that halts most searchers in their tracks: Waymo is not a publicly traded company. You can not open a brokerage account and enter the ticker of a company to buy a piece of the company directly. 

Nonetheless, this does not mean you are entirely shut out. This guide provides the practical ways on how to invest in Waymo. 

We start with indirect ownership and move to the complex domain of private equity, and how to identify the difference between a real opportunity and pre-IPO fraud.

Is Waymo a Publicly Traded Company?

No, Waymo is not publicly traded. It is a privately held company under Alphabet Inc., which is Google’s parent company.

What It Means If a Company is a Subsidiary

If a company is a subsidiary, this means it is owned and managed by a parent company. Waymo was established in 2009 as the Google Self-Driving Car Project and, in 2016, was spun off into a separate subsidiary of Alphabet Inc. 

Since it is not a separate company, it does not offer shares to the market. Its financial performance is frequently reported under Alphabet’s so-called Other Bets, rather than presented as its own balance sheet.

How to Verify Whether a Standalone Ticker Exists

Do not be fooled by a site that purports to be selling Waymo stock, using a particular ticker. You may verify the status of a company by:

  • Scanning major exchanges: Check the official websites of the Nasdaq or the NYSE. When not in place, then “Waymo” does not exist.
  • Reading parent company disclosures: Take a look at the latest quarterly earnings report at Alphabet (10-Q). Waymo is not public, as it is not listed as a subsidiary or an Other Bet.
  • Ignoring misleading headlines: Misleading headlines aside, the media can be talking about Waymo’s valuation, but that means internal venture capitalist valuations rather than a market valuation of the company.

Can You Buy Waymo Stock?

Retail investors cannot buy Waymo stock directly because there are no publicly traded shares.

Direct Ownership vs Integrated Exposure

You cannot go out and purchase a slice of Waymo, so you need to look at who has the entire pie. Waymo is, in this case, owned by Alphabet Inc. in the vast majority.

  • Direct Ownership: Purchase of a share stake in Company A (Waymo cannot do it at the moment).
  • Indirect Exposure: Purchasing a stock of Company B (Alphabet), which is in control of Company A. When you own Alphabet stock, you actually own a minute share in all the businesses that they own, and Waymo is no exception.

Why Searches Like “Waymo Stock Price” Can Be Misleading

When you search for “Waymo’s stock price,” some charts may look real. These are often:

  1. The algorithms falsely substitute the stock price of Alphabet (GOOGL).
  2. The private market estimates, which follow what venture capital firms (such as Silver Lake or Andreessen Horowitz) would have paid in the related private funding round.
  3. Markers in financial data websites await an IPO. The ticker symbol should always be checked. When it is written GOOG or GOOGL, it is not Waymo itself, but its mother organization.

How Can You Invest in Waymo Indirectly?

You can invest in Waymo indirectly by buying stocks in its parent company, Alphabet Inc.

Indirect Exposure Through the Public Parent Company

Google, YouTube, Google Cloud, and Waymo are the parent companies owned by Alphabet Inc. (Ticker: GOOG or GOOGL).

  • How it works: An investment in GOOGL stock gives you investment capital for the entire portfolio of Alphabet. Platforms such as STARTRADER also offer the tools to study publicly-traded parent companies such as Alphabet, and you can follow the value-added contributions of their various subsidiaries to their overall stock performance.
  • The logic: Waymo will increase the revenue of Alphabet if it becomes the leader in autonomous driving, which would create a positive push to the share price of GOOGL.

Indirect Exposure Through Diversified Funds

If you do not want to select individual stocks, you can consider Exchange Traded Funds (ETFs) which significant stakes in Alphabet, or focus on the autonomous vehicle theme.

  • Tech/Communication ETFs: ETFs that track either the Nasdaq-100 or the communication industries will frequently include Alphabet as a leading stock.
  • Thematic ETFs: There are specialized ETFs that concentrate on the themes of Artificial Intelligence or Future Mobility. Such funds are proactively targeting businesses that are pioneering AV technology, but they will tend to get Waymo exposure through Alphabet.

Limits of Indirect Exposure

One should be realistic. Waymo is a moonshot within a gigantic galaxy. Google makes hundreds of billions of dollars through advertising and cloud computing. 

Waymo may be valued at double, but it may not significantly affect Alphabet’s stock price when the core ad business decelerates. You are not only purchasing the self-driving cars but the entire package.

Can You Invest in Waymo Stock Pre-IPO?

Accredited investors can also purchase the Waymo shares through secondary markets, which is the riskiest and hardest to obtain privately.

What “Pre-IPO” Investing Usually Means

Pre-IPO investing is the issuance of stock to early workers or private investors seeking a liquidation of their stakes before the company is listed publicly. 

This occurs in so-called secondary markets such as Forge Global, EquityZen, or Hiive. These are legal platforms, which are run in a different way than the stock market.

Eligibility Basics, Minimums, Paperwork

You cannot simply click a buy button, as is the case with purchasing stock in the marketplace.

  • Accredited Investor Rule: In the US, you generally have to be an accredited investor (that is, a net worth of more than $1 million, without a primary residence, or income of more than $200k or $300k per year).
  • High Minimums: Minimum investments range from $10,000 to $100,000+.
  • Strict Paperwork: You will be required to sign complicated legal forms on risk and nondisclosure.

Key Risks: Lockups, Pricing, Dilution, Liquidity

  • Liquidity Risk: It is not easy to sell these shares. You may be in the position of having to hold them out for years till Waymo IPOs.
  • Pricing Uncertainty: Price is not official. You can pay $50 per share, and the company’s IPO could price at $30.
  • Dilution: Dilution refers to the reduction in the percentage of ownership in a company resulting from an increase in the amount of capital Waymo raises (such as the $5.6 billion round in late 2024).

What Could Change If Waymo Ever IPOs or Spins Out?

By implementing an Initial Public Offering (IPO) or a spin-off, Waymo would be listed on its own ticker symbol and could be directly invested in by the public.

What Becomes Possible

An IPO refers to the point when a privately held company lists on a public stock exchange (such as Nasdaq).

  • New Ticker: Waymo would receive a logo (for example, “WAYM”).
  • Retail Access: Anybody who had a standard brokerage account could buy shares in real time.
  • Transparency: The company would be legally obligated to produce comprehensive financial reports quarterly.

What Still Matters 

Newly public companies are usually very volatile. The price can be pushed to an unreasonable level of hype that does not reflect the company itself (valuation). 

Even if Waymo IPOs, careful investors tend to wait until several performance reports are issued to determine whether the business is actually performing.

What Should You Check Before Trying to Invest in Waymo Exposure?

You only put your money in when you are confident about the long term and when the opportunity is real.

Risk Checklist

  • Time Horizon: Are you ready to own the Alphabet stock for 5-10 years till Waymo matures?
  • Focus: When you purchase Alphabet only because of Waymo, are you willing to take risks on the ad business of Google (antitrust lawsuits, AI Competition)?
  • Liquidity: Will you be able to tie up that money indefinitely if you invest before going public?

Scam Checklist

This is one of the targets of fraudsters, given the hype around AVs. Watch out for:

  • “Guaranteed Allocations”: You will not find a decent broker who guarantees you shares on a hot pre-IPO.
  • Social Media Offers: Legitimate equity is not being sold through the Telegram, WhatsApp, or Instagram DMs.
  • Fake Tickers: Tickers that are not real are created by scammers, or they persuade you to purchase a so-called crypto token, which they purport to be pegged to Waymo stock. This is almost always a scam.

Can You Invest in a Waymo Car?

No, you cannot purchase a Waymo car as an investment, but they are service tools and not consumer products.

Clarify the Difference Between Investing in a Company vs Buying a Service.

Waymo now uses vehicles such as the Jaguar I-PACE and its in-house robotaxi, Zeekr. These are a commercial fleet of cars.

  • Consumption: There is a way to pay to ride in a Waymo (via the Waymo One app). This will be paying for a service, such as purchasing a plane ticket.
  • Asset Ownership: You do not possess the car itself, which can be rented out or resold.

If Your Goal is “AV Growth,” Consider Diversification

If you are interested in investing in the physical development of autonomous vehicles, purchasing a single car is not the way to go. Instead, consider the larger ecosystem. This might include:

  • Hardware manufacturers: These companies produce LiDAR sensors and cameras.
  • Semiconductors: Semico, the chipmakers of the AI brains of these cars.
  • Infrastructure: Companies that develop the smart-city technology on which AVs are based.

Comparison Tables

Table 1: Realistic Access Paths to Waymo

PathWho It’s ForHow It WorksProsCons/Risks
Indirect (Alphabet)Most Retail InvestorsBuy shares of GOOG/GOOGLEasy to buy/sell; regulated; owns Waymo.Waymo is a small part of the stock; unrelated risks (ads, search).
Pre-IPO (Secondary)Wealthy/AccreditedBuy private shares via platforms like ForgeDirect exposure to Waymo’s success.Very high risk; money is locked up; high minimums ($10k+).
Future IPOEveryone (Eventually)Wait for public listingPure-play exposure; transparent data.No guarantee it will happen; post-IPO volatility.

Table 2: Subsidiary vs. Standalone Company

ItemSubsidiary (Waymo)Standalone Public Company
Stock TickerNone (uses Parent’s)Has its own (e.g., TSLA, AAPL)
FinancialsBuried in parent reportsDetailed quarterly public reports
OwnershipParent company & VCsPublic shareholders
Buying SharesRestricted/ImpossibleOpen to everyone

Checklist: Pre-IPO Due Diligence

  • Confirm company status: Check whether Waymo is a private company and whether the seller has valid shares to sell (with the platform or a legal adviser).
  • Learn lockup/transfer constraints: Understand the period you need to own the shares and what will be required to sell.
  • Understand all charges: Find out transaction charges, platform charges, legal charges, and any charges incurred later on management charges.
  • Accept low liquidity and uncertain pricing: Accept that you cannot leave on short notice and that valuation is subjective.
  • Check: Think about dilution/financing risk: See how half the future financing or stock options award dilutes your ownership.

Checklist: “Too Good to Be True” Scam Signals

  • Guaranteed shares claims: No one may make claims to guaranteed pre-IPO allocations without the company’s consent. Be skeptical of promises.
  • Unofficial tickers: Check any ticker symbol on large exchanges. When it is not official, it is fraud.
  • The urgency to make payments quickly: Legitimate opportunities enable time to do due diligence. Hastened judgments are to the advantage of fraudsters.
  • No regulated paperwork / intransparent counterparty: Require SEC-compliant and platform validation documentations. In case the seller is not able to furnish it, leave.

FAQs

How to invest in Waymo?

At present, it is not possible to make a direct investment in Waymo. The most used way is to invest in its parent company, Alphabet Inc. (GOOGL) or wait till it IPOs in the future. Accredited investors on the secondary markets might get access to private shares since they are wealthy.

How to invest in Waymo stock if there’s no public ticker?

You have the choice of indirect exposure in the form of Alphabet stock or diversified funds in which Alphabet is held. In the event that Waymo proceeds to an IPO or spin-out, it would be given its own ticker and be accessible to all investors. 

Can you buy Waymo stock as a retail investor?

Retail investors are not able to purchase Waymo stock directly since it is a privately held subsidiary of Alphabet Inc. Waymo has no publicly traded shares, which one could buy through a regular brokerage account. The exposure is only possible indirectly by purchasing stock of Alphabet (GOOG or GOOGL) or via pre-IPO deals to meet accredited investor requirements and identify a bona fide seller.

How to invest in Waymo stock pre-IPO?

Pre-IPO financing is also, in most cases, limited to accredited investors based on income or net worth. These capitalists use secondary marketplaces, such as EquityZen or Forge Global, to purchase shares in early-stage companies; however, liquidity is limited.

Conclusion

Although the search for how to invest in Waymo falls short in many instances when it comes to direct stock purchases, the door is not completely shut. 

The wise course of action for most investors is to invest indirectly in Alphabet Inc., which enables you to support the technology while enjoying the advantages of a diversified, profitable parent firm.

Unlike the general public, who are not accredited investors, the pre-IPO market is a high-risk, potentially high-reward shortcut, but it is tedious and demands enduring patience and a high tolerance for uncertainty. 

With Waymo expanding into more cities and increasing its valuation, watch for official announcements of a spin-off or an IPO.

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