Autonomous Trucks
MOUNTAIN VIEW, Calif. — Aurora Innovation continues to chip away at the financial and technical mileposts needed to launch and grow its self-driving trucking business. The company moved Tuesday to bolster its financial position, saying it intends to sell as much as $800 million in Class A common stock via two separate transactions. Aurora plans to sell $600 million in common stock via a private placement, the company said in a regulatory filing, and further offer up $200 million of common stock in a public offering. That should carry the company through what one analyst called "a race against time" earlier this year. Aurora anticipates spending $175 million to $185 million per quarter, according to the regulatory filing, ahead of a commercial launch expected by the end of 2024.