Driverless vehicles have a new face in the public eye: Aurora Innovation. The stock will be a barometer of investor sentiment towards a technology that is likely to change the world, albeit slowly.
The company, which is working on a package of hardware and software to automate driving, made its stock market debut on Thursday after the merger with a special purpose vehicle. The deal raised $ 1.8 billion before fees, slightly less than the July announcement hoped to fund Aurora for the last two years leading up to its targeted commercial launch. The stock fell 3% on the first day of trading, but rebounded on opening Friday.