Luminar, which makes sensors for autonomous vehicles, said Monday it was selling itself in a deal valued at $3.4 billion via a SPAC merger with Gores Metropoulos. Volvo and the tech mogul Peter Thiel are also chipping in.
Luminar makes lidar sensors, which bounce lasers off objects to help self-driving cars sense their surroundings, at much cheaper rates than many of its competitors. Russell attended Stanford to study physics but dropped out at 18 after winning a Thiel Fellowship to build Luminar.Luminar, a self-driving-car startup founded by CEO Austin Russell at the age of 17 while he was in high school, said Monday it would go public in a $3.4 billion merger with a special purpose acquisition company.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Time to get a beach house...with a chiropractor roommate...and pretend Charlie Sheen never lost his mind.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Media outlets lean either to the right or to the left in the US, but never has the US look so fragile and divided, why
Source: BusinessInsider - 🏆 729. / 51 Read more »
25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla's new $5 billion capital raise could drive the old school auto industry crazy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🇧🇷🏆
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood faces SEC investigation for deals with high-speed trading firms, report says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wheres the class action lawsuit... we’re the product it seems. So we have worth and that worth needs to be paid out to every user.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Job openings are down 20% since last year, high-wage growth lags - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. While we are spending all our time 'marching' and setting fire to our cities, our country's economy is burning down. And some irresponsible legislators do not get that subsidizing a fake economy is destructive to survival.
Source: BusinessInsider - 🏆 729. / 51 Read more »