Cruise is spending $3.45 billion to buy out SoftBank's stake in Cruise and meet funding obligations. This investment will help Cruise ready itself for commercial launches around the world. This may be the best way to invest in autonomous ride-sharing long-term.
How much is GM's 'Cruise' worth today?
The market is only valuing General Motors at $65 billion today, but Cruise's last fundraising round put a $30 billion valuation on the start-up. Given that GM now owns over 80% of Cruise, there's potentially a huge chunk of GM's value locks up in Cruise today.
Will GM buy out SoftBank's cruise?
General Motors is buying out SoftBank's stake in Cruise, which could be a big win for investors long-term. Investing in General Motors ( GM -2.42%) today is increasingly becoming an investment in the future of electric autonomous driving through its majority ownership of Cruise.
