• Autonomous driving start-up Aurora plans to go public by way of SPAC

    Aurora, a start-up creating {hardware} and software program to allow automobiles to drive autonomously, goes public by way of a SPAC merger.

    The take care of particular goal acquisition firm Reinvent Expertise Companions is predicted to shut this yr, organising the merged firm with $2.5 billion in money.

    “This can be a pure subsequent step for us,” stated Aurora co-founder and CEO Chris Urmson. “This may unlock the capital we have to ship the Aurora driver as a service at scale.” As soon as accomplished, Aurora will commerce on the Nasdaq underneath the ticker image AUR with a valuation of