Welcome to our dedicated page for Aurora Innovation news (Ticker: AUR), a resource for investors and traders seeking the latest updates and insights on Aurora Innovation stock.
Aurora Innovation, Inc., trading under the symbol AUR, is a pioneering American company specializing in self-driving vehicle technology. With headquarters in Pittsburgh, Pennsylvania, and Mountain View, California, Aurora is dedicated to delivering cutting-edge autonomous driving solutions. The company's flagship product, the Aurora Driver, is a sophisticated computer system designed to be seamlessly integrated into a variety of vehicles, enabling autonomous driving capabilities.
Aurora's primary focus is on developing self-driving technology that is safe, efficient, and widely applicable. The Aurora Driver is versatile, capable of operating multiple vehicle types including freight-hauling trucks and ride-hailing passenger vehicles. This technology forms the backbone of Aurora's two major service offerings: Aurora Horizon and Aurora Connect. Aurora Horizon caters to the trucking industry with driver-as-a-service solutions, while Aurora Connect serves the ride-hailing sector.
The company is renowned for its advanced and scalable suite of self-driving hardware, software, and data services. These components are designed to work together as a cohesive platform, adaptable to various vehicle types and applications. This interoperability makes Aurora's technology a robust solution for diverse autonomous driving needs.
Recent achievements include partnerships and collaborations that enhance the development and deployment of their autonomous driving systems. Aurora's continuous innovation in self-driving technology has positioned it as a leader in the autonomous vehicle industry.
Financially, Aurora Innovation, Inc. is focused on sustaining growth and extending its market reach. Through strategic alliances and ongoing advancements in their self-driving technology, the company aims to expand its influence in both the trucking and ride-hailing markets.
Stay updated with the latest news and developments from Aurora Innovation, Inc. to understand more about their groundbreaking projects and financial performance.
Aurora Innovation (NASDAQ: AUR) has opened a new 78,000 square-foot facility in Bozeman, Montana, located on Montana State University's Innovation Campus. The facility includes advanced R&D labs, a manufacturing area with cleanroom, vehicle testing garage, and modern office spaces. The facility will focus on developing Aurora's proprietary FirstLight Lidar technology, which can detect objects at distances over 450 meters.
The opening ceremony was attended by state officials including Montana Governor Gianforte and featured Aurora's co-founder and CEO Chris Urmson. This expansion builds on Aurora's 2019 acquisition of Blackmore, a Bozeman-based lidar company. The company currently operates autonomous trucks hauling commercial freight in Texas and plans to launch its commercial trucking product in April 2025.
Aurora Innovation (NASDAQ: AUR) announced its Q3 2024 results, highlighting significant progress towards its Commercial Launch. The company has fully contracted its expected launch capacity with the addition of a new customer and strengthened its financial position by adding nearly $500 million to its balance sheet. Aurora also announced a lane expansion to Phoenix, demonstrating continued operational growth. CEO Chris Urmson emphasized the company's strong position to commercialize autonomous trucking at scale.
Aurora Innovation, Inc. (NASDAQ: AUR) has announced that it will release its third quarter 2024 results after the market closes on October 30, 2024. The company will also host a business review conference call on the same day at 5:00 p.m. Eastern time. Investors and interested parties can access the conference call via a webcast on Aurora's investor relations website at ir.aurora.tech. For those unable to attend the live event, a replay of the webcast will be available for 30 days following the call.
Aurora Innovation (NASDAQ: AUR) has announced that its Chief Financial Officer, David Maday, will participate in a fireside chat at the Evercore ISI ADAS, AV & AI Summit on September 24, 2024 at 8:45 am Eastern Time. The presentation will be webcast live on Aurora's investor relations website at ir.aurora.tech. For those unable to attend the live event, a replay of the webcast will be available for 30 days following the presentation.
Aurora Innovation (NASDAQ: AUR) is hosting a Partner Summit to prepare customers for driverless operations. The company announced three key updates:
- Launch of the Partner Success Program in Q4 2024, allowing customers to evaluate autonomy performance
- Planned route expansion from El Paso to Phoenix, with commercial pilots expected in H1 2025
- Showcase of the Aurora Driver's readiness for driverless operations between Dallas and Houston
Aurora has completed over 7,000 loads across nearly two million commercial miles for pilot customers. The summit brings together carriers, safety experts, regulators, and law enforcement to discuss industry topics and prepare for driverless truck deployment.
Aurora Innovation (NASDAQ: AUR) has announced that its CEO and Co-founder, Chris Urmson, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference. The event is scheduled for September 10, 2024, at 9:30 am Pacific Time.
The presentation will be webcast live on Aurora's investor relations website at ir.aurora.tech. For those unable to attend or watch live, a replay of the webcast will be available for 30 days following the presentation.
This appearance at a major technology conference provides an opportunity for investors and industry observers to gain insights into Aurora's latest developments and future plans in the autonomous vehicle technology sector.
Aurora Innovation (Nasdaq: AUR) has successfully closed its upsized public offering, raising approximately $483 million in gross proceeds. The company sold 134,166,667 shares of Class A common stock at $3.60 per share, including the full exercise of the underwriters' option to purchase an additional 17,500,000 shares. The offering was managed by prominent financial institutions, with Goldman Sachs & Co. , Allen & Company , and Morgan Stanley acting as joint book-running managers. The stock was offered through a previously filed and SEC-approved Registration Statement on Form S-3, with a final prospectus supplement and accompanying prospectus detailing the offering terms.
Aurora Innovation (Nasdaq: AUR) has announced the pricing of its upsized public offering of 116,666,667 shares of Class A common stock at $3.60 per share. The company expects to raise approximately $420 million in gross proceeds, before deducting underwriting discounts and expenses. Aurora has also granted underwriters a 30-day option to purchase up to an additional 17,500,000 shares. The offering is set to close around August 2, 2024, subject to customary conditions. Goldman Sachs, Allen & Company, and Morgan Stanley are acting as joint book-running managers for the offering. Aurora has filed the necessary documents with the SEC, including a Registration Statement on Form S-3 and a preliminary prospectus supplement.
Aurora Innovation, Inc. (Nasdaq: AUR) has announced the cancellation of its second quarter business review conference call, originally scheduled for today at 5:00 p.m. Eastern Time. The cancellation is due to the commencement of an underwritten public offering of the company's Class A common stock. Aurora has already issued its second quarter shareholder letter and posted supplemental business information on its website. The company emphasizes that this announcement does not constitute an offer to sell or a solicitation of an offer to buy its stock, and no sales will occur in any jurisdiction where it would be unlawful before registration or qualification under local securities laws.
Aurora Innovation (Nasdaq: AUR) has announced a proposed public offering of up to $350 million of its Class A common stock. The company plans to grant underwriters a 30-day option to purchase an additional 15% of the shares. All shares in this offering will be sold by Aurora. The offering is subject to market conditions, and its completion, size, and terms are not guaranteed.
Aurora has filed a Registration Statement on Form S-3 with the SEC and a preliminary prospectus supplement. Interested parties can access these documents through the SEC's website or obtain copies from the underwriters: Goldman Sachs & Co. , Allen & Company , and Morgan Stanley & Co.
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