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Zoox is not publicly traded at this time. However, there are still ways for investors to gain indirect exposure.
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It might sound like an app involving zany zoo animals, but Zoox is actually a self-driving car company.
The company’s name might be silly, but its pedigree is serious: It’s a subsidiary of tech giant Amazon (NASDAQ: AMZN).
That fact, plus the buzzworthiness of the autonomous vehicle sector, might have you wondering how to buy Zoox stock.
The company’s not public, so you won’t find a Zoox stock symbol out there. However, in this article you’ll learn all about Zoox and ow all investors can gain exposure to the company and the sector.
Let’s go…
Zoox: The Basics
In case you’re not familiar with Zoox, here are some of the key basics:
- In 2014, Zoox was founded by Tim Kentley-Klay, an artist and designer from Australia, and Jesse Levinson, son of an Apple (NASDAQ: AAPL) chairman. At the time, Levinson was working on developing self-driving tech at Stanford University.
- In 2019, a new CEO, Aicha Evans, formerly of Intel (NASDAQ: INTC), took over; in 2020, Amazon (NASDAQ: AMZN) acquired Zoox as a wholly-owned subsidiary that resides in the same part of the organization as Amazon Alexa.
- Zoox was the first company to get approval to provide self-driving transport to the public in California, in 2018. In 202, it became the fourth California company to be permitted to test autonomous vehicles on public streets.
- According to Bloomberg, by 2018, the company had raised 800 million in venture capital and was valued at $3.2 billion.
- In 2019, Tesla (NASDAQ: TSLA) filed a lawsuit against Zoox. The grounds? Several former Tesla employees had jumped ship for Zoox and had shared proprietary information. The lawsuit was settled in 2020 for an undisclosed amount.
- In 2023, the DMV of California gave Zoox permission to begin testing their robotaxis with live passengers on board.
It certainly makes a compelling case — if there was in fact a Zoox stock, a lot of people would want to buy it. But here’s the thing…
Can You Buy Zoox Stock? Is Zoox Publicly Traded?
No, you can’t.
If you want to know how to buy Zoox stock, here’s the thing … Zoox is not a public company. However, it is a subsidiary of a public company — Amazon (NASDAQ: AMZN).
While buying Amazon stock could give you exposure to Zoox, it will also give you exposure to all other aspects of Amazon business. However, looking at the chart over time, that might not be such a bad thing…
(Chart below courtesy of TradingView)
How to Buy Zoox as a Retail Investor
Now, let’s talk about gain access to Zoox in less direct ways. But first, a few details…
Who Owns Zoox?
Since 2020, Zoox has been a wholly-owned subsidiary of 2020, Amazon (NASDAQ: AMZN).
Does Amazon Own Zoox?
Yep. Amazon (NASDAQ: AMZN) does indeed own Zoox.
Want to buy shares of Amazon? You need a broker. Don’t have one? We recommend eToro.
It’s one of the world’s most popular investing platforms, with over 28.5 million users.
Plus, eToro is currently offering a $10 bonus* for U.S. residents.
$10 bonus for a deposit of $100 or more. Only available to U.S. residents. New accounts only. Additional terms and conditions apply.
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How to Invest in Zoox Stock as a Retail Investor
Here are some ways to gain exposure to the exciting world of Zoox without actually buying Zoox stock:
Note: This article does not provide investment advice. The stocks listed should not be taken as recommendations. Your investments are solely your decisions.
Since Zoox is a subsidiary of Amazon (NASDAQ: AMZN), the tech giant’s stock is probably the best way to get exposure to the company.
But it’s not the ONLY way. Here are a few other ideas:
Zoox-Adjacent Companies + Partners
If and when new partnerships are announced, public companies associated with Zoox could potentially benefit. Zoox has been associated with several other companies in the past, including:
- Toyota (NYSE: TM) — Retrofitted Toyota Highlanders have been used to create Zoox vehicles.
- Hesai (NASDAQ: HSAI) — In 2021, Zoox partnered with Hesai to implement a sensor modality system.
Zoox Competitors
As noted earlier, Waymo is another leader in the autonomous vehicle niche. Retail investors can gain access through its publicly-traded parent company, Google (NASDAQ: GOOGL).
Other companies involved in the autonomous vehicle market include:
- Argo Group (NYSE: ARGO)
- Aurora Innovation Inc (NASDAQ: AUR)
- Tesla (NASDAQ: TSLA) — Chart below courtesy of TradingView
How to Buy the Zoox IPO
Since Zoox is a product rather than a company, it probably won’t IPO. But if and when its parent company, OpenAI becomes available, here’s how to buy the IPO:
- Create or login to your brokerage account (if you don’t have one, we recommend eToro)
- Search for Zoox
- Select how many shares you want to buy
- Place your order
- Monitor your trade
Zoox Stock Price Chart
No, there’s no Zoox stock price chart since it’s not a public company. You can refer to the Amazon (NASDAQ: AMZN) chart above, but it reflects the entire company and it’s hard to see what role Zoox plays in the stock price.
However, as this chart (source) shows, the autonomous vehicle sector has grown exponentially in recent years…
Long story short?
It’s well worth following Zoox to see what happens as the autonomous vehicle sector continues to grow.
If you’re a retail investor and Zoox sounds interesting, consider some of the approaches discussed in this article.
FAQs:
How to buy Zoox stock?
Zoox is not a public company, so you cannot buy Zoox directly. However, you can buy shares of its parent company’s stock — Amazon (NASDAQ: AMZN).
How much is Zoox stock?
Since Zoox is not publicly traded, there is no Zoox stock price. However, its parent company’s stock, Amazon (NASDAQ: AMZN) is currently trading for about $125 per share.
What is Zoox stock symbol?
There is no Zoox stock symbol at this time. Its parent company, Amazon, does have a stock symbol — AMZN.
Who owns Zoox stock?
Zoox is a wholly-owned subsidiary of Amazon (NASDAQ: AMZN).
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