Aurora Innovation Inc Stock Price, News & Analysis

Aurora Innovation (NASDAQ: AUR) has announced its upcoming fourth quarter 2024 financial results release and business review conference call. The company will disclose its results after market close on February 12, 2025, followed by a conference call at 5:00 p.m. Eastern time. Investors can access the webcast through Aurora's investor relations website at ir.aurora.tech, with a replay available for 30 days after the call.

Aurora (NASDAQ: AUR), Continental, and NVIDIA have announced a strategic partnership to deploy driverless trucks at scale. The collaboration will integrate NVIDIA's DRIVE Thor system-on-chip and DriveOS into the Aurora Driver, an SAE L4 autonomous driving system that Continental plans to mass-manufacture in 2027.

Aurora plans to launch its driverless trucking service in Texas in April 2025. The Aurora Driver will be powered by a dual NVIDIA DRIVE Thor SoC configuration, with production samples expected in the first half of 2025. Continental is developing a reliable, serviceable, cost-efficient generation of the Aurora Driver hardware for high-volume manufacturing, including a specialized independent secondary system for backup operations.

Continental will integrate DRIVE Thor with DriveOS into the primary Aurora Driver computer at its manufacturing facilities and deliver the hardware kit to Aurora's truck OEM partners for integration into customers' trucks.

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.