Back
~
1
min read
· Posted on
February 21, 2024

Intel is sharing it's self-driving car secrets with the public.. for a tasty $30bn USD+

After being incubated by Intel for a while... Mobileye is finally going back to the public.

What's the key learning?

  • Mobileye is a company that sells self-driving technology to companies and has been acquired by Intel for over $15 billion USD.
  • After being incubated by Intel, Mobileye will be released to the public and is expected to list with a $30 billion USD valuation - despite previous rumors that it could be worth up to $50 billion USD.
  • In the early 2010's, it was believed the self-driving car technology could revolutionise our lives overnight, but since then, the hype for driverless cars just ain't as strong anymore.

👉 Background: Mobileye was founded way back in 1999 in Israel when they started to build the tech for self-driving cars. Now, its technology is sold to companies like BMW, Nissan and Volkswagen for their own self-driving car units.

👉 What happened: Mobileye originally went public in 2014, but was acquired by Intel for over $15 billion USD. Now, Intel has incubated its baby and is ready to release it back into the wild (aka the NASDAQ).

👉 What else: Initial rumours were that Mobileye could be worth up to $50 billion USD but now it's expected to list with a $30 billion USD valuation - because the hype for driverless cars just ain't as strong anymore.

What's the key learning?

💡In the early 2010's, it was believed the self-driving car technology could revolutionise our lives overnight, but since then, the industry has received a good ol fashioned reality check.

💡In 2016, when Love Yourself by J-Biebs was #1, Elon Musk predicted that driverless cars would be live and driving in just 2 years. 4 years later, and we're still waiting.

💡And while we’ve still got Cruise, Argo Zoox, Tesla and more battling for self-driving glory, it’s fair to say that expectations around driverless car have changed.

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating
No items found.