Aurora Innovation: Growing Hype As Commercialization Approaches
- Aurora Innovation's recent share price rebound has been driven by speculation regarding regulatory tailwinds, but the company's success hinges more on technology performance than regulations.
- While Aurora's business is progressing, the company is a long way away from demonstrating viability.
- Despite a significant cash raise in the third quarter, Aurora will likely need to raise cash again before it reaches breakeven.
- The size of the market means that there could be significant upside, but Aurora's large market capitalization, lack of revenue, and the long path to profitability make the stock risky.
Justin Paget
After a significant share price decline caused by a minor delay to its commercial launch, Aurora Innovation (NASDAQ:AUR) has rebounded in recent weeks on the back of speculation regarding regulatory tailwinds. I tend to think the importance of this is
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