Aurora Innovation (AUR)
Develops the Aurora Driver platform and subscription services for driverless freight and future rides.
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Develops the Aurora Driver, a vehicle-agnostic self-driving platform spanning hardware, software, and data services. Revenue has begun through Aurora Driver for Freight, a driverless-trucking subscription launched in Texas, while a ride-hailing service remains planned and commercialization depends on route validation, vehicle partners, fleet operators, and additional financing.
Builds the Aurora Driver, an integrated self-driving hardware, software, and data-services platform designed for multiple vehicle types. Aurora Driver for Freight is the commercial subscription service, while Aurora Driver for Rides remains planned for ride-hailing.
Commercial freight operations began in Texas, with driverless service on the Dallas–Houston corridor and expansion through a mix of driverless and supervised routes. The vehicle-agnostic architecture and engineering-heavy workforce support adaptation across truck and light-vehicle applications.
Growth depends on validating safety for each route, weather condition, operating window, vehicle platform, and customer endpoint. The service model also relies on manufacturers, suppliers, fleet owners, maintenance providers, freight customers, and logistics platforms. Continued development has required external financing, and the company expects ongoing operating losses and possible additional capital raising.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $14 | Target: $18 |
| Jun 5, 2026 | Craig-Hallum | Target | Target: — | Target: $18 |
| May 29, 2026 | Northland Securities | Target | Target: — | Target: $11 |
| May 7, 2026 | Morgan Stanley | Target | Target: $12 | Target: $14 |
| Apr 17, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $4 | Target: $5 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.22B · Total debt $82.0M · Total assets $2.17B · Shareholders' equity $1.95B
- Revenue
- $2.0M
- Operating income
- −$266.0M
- Net income
- −$270.0M
No dividends on record.
| Institutions | ≈ 84.43% | 1.69B shares | |
|---|---|---|---|
| 488 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 11.29% | 226.22M shares | |
| 13 holders · as of Aug 21, 2026 | |||
| Other | ≈ 4.28% | 85.75M shares | |
| remainder | |||
2.00B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Investment Management, Inc.Institution | 14.94% | 299.42M A | as of Jun 30, 2026 |
Uber Technologies, IncInstitution | 12.90% | 258.47M A | as of Jun 30, 2026 |
Morgan StanleyInstitution | 10.67% | 213.92M A | as of Jun 30, 2026 |
Christopher Urmson1Insiderdirector, officer: Chief Executive Officer | 7.06% | 755,752 A · 140.83M B | filed Dec 17, 2025 |
Vanguard Portfolio Management LLCInstitution | 4.16% | 83.37M A | as of Jun 30, 2026 |
- Christopher Urmson reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Uber Technologies, Inc | 10 percent owner | −29,369,611 | $6.21 |
| Aug 17, 2026 | Michelangelo Volpi | director | −42,639 | $7.00 |
| Aug 17, 2026 | Uber Technologies, Inc | 10 percent owner | −72,000,000 | $6.55 |
| Aug 13, 2026 | Michelangelo Volpi | director | −338 | $7.01 |
| Aug 12, 2026 | Michelangelo Volpi | director | −224 | $7.00 |
- Kodiak AI
Direct rival in autonomous long-haul trucking and driver subscriptions
- Pony.ai
Robotruck rival with robotaxi overlap against planned ride-hailing
- Alphabet Class A
Current robotaxi scale against a planned ride-hailing product
- Tesla
Autonomous ride-hailing rival for the planned rides service
- WeRide (ADR)
Overlap in robotaxis and multi-vehicle L4 autonomy platforms
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Aurora Innovation | $6.50 | −0.23% | $12.77B | — | — | 2,553.5 | +100.0% |
| Kodiak AI | $3.20 | −2.29% | $631.6M | — | — | 88.3 | +597.7% |
| Pony.ai | $6.98 | +1.46% | $2.43B | — | — | 19.4 | +68.8% |
| Alphabet Class A | $361.30 | +1.78% | $4.30T | 17.8 | 26.9 | 9.6 | +24.2% |
| Tesla | $378.34 | +0.81% | $1.48T | 347.5 | 183.6 | 14.3 | +25.5% |
| WeRide (ADR) | $5.80 | +0.61% | $1.75B | — | — | 14.1 | +92.2% |
| Median | 182.7 | 105.2 | 14.3 | +68.8% |