The Assembly(@InTheAssembly):$UBER is worth roughly $142B. Waymo’s February private funding round valued it at $126B. In 2025, Uber handled 13.6 BILLION trips, including deliveries. Waymo completed 15 MILLION rides. Roughly 900x the reported volume, yet Uber’s equity valuation is only about 13% higher. Uber also generated $9.8 BILLION in free cash flow that year. I get the excitement around owning the technology behind driverless cars. But $126B already puts a HUGE price on what Waymo could eventually become. That comparison makes me want to look a lot harder at what investors are paying for Uber today…

2026.09.26 07:24

$UBER is worth roughly $142B. Waymo’s February private funding round valued it at $126B. In 2025, Uber handled 13.6 BILLION trips, including deliveries. Waymo completed 15 MILLION rides. Roughly 900x the reported volume, yet Uber’s equity valuation is only about 13% higher. Uber also generated $9.8 BILLION in free cash flow that year. I get the excitement around owning the technology behind driverless cars. But $126B already puts a HUGE price on what Waymo could eventually become. That comparison makes me want to look a lot harder at what investors are paying for Uber today…