Uber Technologies sold 29,369,611 shares of Aurora Innovation Class A common stock at an average price of $6.205 per share. The transaction reduces Uber's ownership stake in the autonomous vehicle developer to 9.2%.

The sale was disclosed in a filing with the US Securities and Exchange Commission (SEC). Uber's divestment of nearly 29.4 million shares represents a significant reduction in its equity position within Aurora.

Transaction Details

The filing confirms the execution of the share sales at the stated average price. The remaining 9.2% stake indicates Uber retains a minority interest in Aurora following this round of disposals.

Uber Technologies Inc (NYSE: UBER) and Costco Wholesale Corp expanded their U.S. delivery partnership nationwide, covering 47 states and nearly 600 Costco locations. The move brings on-demand and scheduled delivery through the Uber Eats app to millions of additional customers.

The expansion increases coverage from the previous 17 states. Members can now order fresh produce, bulk groceries, and household essentials for delivery via the Uber Eats platform. This integration allows consumers to shop their local Costco warehouse remotely while retaining access to standard member pricing.

Partnership Benefits

Uber and Costco introduced specific incentives for members participating in this expanded arrangement:

• Uber One membership savings: Eligible Costco members receive 50% off an annual Uber One membership for the first year, followed by 20% off in subsequent years.
• Discounted gift cards: Uber and Uber Eats gift cards are available at participating Costco locations and on Costco.com at a price of $79.99 for $100 of value.
• Membership purchase: Consumers can purchase a Costco membership directly through Uber Eats and receive 30% off their first eligible order.

Operational Scope

This multi-state expansion builds on an existing global partnership. Beyond the United States, Costco is already available on Uber Eats in Canada, Mexico, Japan, Taiwan, France, and Spain.

Andrew Macdonald, President and Chief Operating Officer at Uber, stated that the nationwide partnership demonstrates the scale and opportunity Uber can bring to retailers meeting everyday consumer shopping needs.

What the Numbers Show

The geographic expansion represents a significant increase in market reach. By expanding from 17 states to 47 states, Uber and Costco have more than doubled the national footprint of this specific delivery service. This growth in addressable locations (nearly 600) suggests a strategic focus on leveraging Uber’s existing logistics network to penetrate new regional markets for Costco’s bulk retail model.