Aurora Innovation plans $600 million private placement, shares fall
Aurora said in a regulatory filing it expects to report that it had $785 million of cash, cash equivalents and short-term investments, exclusive of restricted cash, as of June 30. Aurora on Tuesday forecast quarterly cash use of $175 million to $185 million, on average, from the third quarter of 2023 through its planned commercial launch. The company plans to launch its self-driving Aurora Driver platform at the end of 2024.