Aurora Shares Drop 11.8%, Losing $1.6 Billion in Value Ahead of Crucial Town Hall

Aurora's stock gained 4.8% on Wednesday following the release of its new driverless trucks. The Nasdaq Composite declined by 0.6%.

Aurora Innovation, Inc. stock bounced in the latest session, ending Friday up 2.68% at $6.13. The autonomous-trucking name then added 1.79% to $6.24 in after-hours deals, which trade after the 4 p.m. New York close. Volume came in at 41.87 million, topping the 34.45 million average from Google Finance. The pickup put Aurora back on the radar for some investors after its sharp fall.

Aurora Innovation shares fell about 11% in midday trading on Wednesday, handing back part of a sharp 2026 rally as investors tested how much credit to give the company’s driverless-truck rollout before revenue scales. The Nasdaq-listed stock was quoted at $6.845, down 11.33%, while still up 80.86% since Jan. 1.

Aurora Innovation shares moved higher Friday after Northland Securities picked up coverage of the autonomous-trucking firm, setting an Outperform rating and a price target of $11. The call gave the stock another boost after it's already almost doubled this year.

Aurora Innovation shares rose Thursday, building on gains from this month as investors ignored a standard shareholder meeting and kept their attention on Aurora’s effort to move self-driving trucks from pilot runs to hauling real freight. The stock added 5.8% to $7.21 in afternoon trading, putting the company’s market cap at around $14.0 billion.

Volvo Autonomous Solutions and DSV have rolled out commercial driverless trucking in Texas, sending a Volvo VNL rig equipped with Aurora Innovation Inc.’s autonomous system down the Dallas-Houston corridor. According to DSV, the automated service will run between Aurora’s freight hubs in both cities, and is being integrated right into DSV’s standard logistics operation.

Volvo Autonomous Solutions and DSV have kicked off commercial autonomous freight runs in Texas, putting a Volvo VNL Autonomous truck—equipped with Aurora Innovation’s self-driving tech—onto public roads for regular service. The route connects Aurora’s Dallas and Houston hubs. For now, a safety driver stays behind the wheel. DSV Road CEO Helmut Schweighofer described the Texas project as “real-world operations” and labeled it a “production, depot-to-depot setup.”

Aurora Innovation, Inc. finished Friday at $4.12, slipping 2.6%. With that, the self-driving truck firm sits at a $9.95 billion valuation, as it pushes toward a 2026 target of more than 200 driverless trucks on the road. That’s about $10 billion in market cap for a business that generated just $3 million in revenue last year.