ZombieTechnology
What Happened to Aurora Innovation?
Ticker: AURSPAC Year: 2021
Return
-56.2%
Current Price
$4.38
Peak Price
$17.77
Trust Size
$2.3B
Summary
Aurora Innovation develops the Aurora Driver, a self-driving technology platform designed primarily for autonomous trucking and ride-hailing applications.
What Happened
Aurora went public in November 2021 through a merger with Reinvent Technology Partners Y, a SPAC backed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. Founded by Chris Urmson (former head of Google's self-driving car project), Aurora has focused on autonomous trucking and launched its first commercial driverless trucking operations. The company has burned significant cash but continues to advance toward commercialization.
Timeline
2021-03-08
S-1 Registration Filed