This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ6H0WD_L.jpgThe company also commenced an underwritten public offering of up to $200 million of its Class A common stock.
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.
In November, the company said it had more than $1.2 billion in cash and short-term investments.
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.