Autonomous Trucks
The stock sale will help fund Aurora through commercial launch at the end of next year and “well into 2025,” according to the company. The pre-revenue company has repeatedly said it would need to raise again to make it to launch and beyond. Aurora is selling 73,333,333 shares of Class A common stock at the public offering price of $3 per share, or a value of $220 million. The company said in a filing that it expects to report $785 million in cash, cash equivalents and short-term investments as of June 30, 2023. That number does not include the $820 million from selling stock.