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Luminar to go public in $3.4B merger
- mrgordon 6y agoSeems like the entire space has decided now is a good time to go public with Tesla at all time highs. Velodyne also went public recently under the symbol GRAF and has done well which is why Luminar quickly followed with a merger to go public. Seems like more of the electric vehicle startups like Fisker (symbol SPAQ) seem to be using Velodyne over Luminar. Good to see a lot of enthusiasm for imaging and autonomous vehicles! I like the potential smart city applications
- deepnotderp 6y agoCongrats to Luminar! I believe this is the Thiel Fellowship's biggest exit to date.
- edoceo 6y agoGood news for Peter T, could this be a way for his funds to test the water before palantir?
- svbanker 6y agoThis makes no sense. The fellowship doesn’t take equity. And its not like he has control over what Luminar does. Also, Luminar went public through a SPAC and Palantir is going to be a Direct Listing so one doing well wouldn’t say anything about the investor appetite for the other
- kraavi 6y agoThe SPAC poured $400m and there is another $170m PIPE, which also includes Peter Thiel [1] Peter Thiel was a current investor in Luminar [2] [1] https://uk.mobile.reuters.com/article/amp/idUKKBN25K1BX https://uk.mobile.reuters.com/article/amp/idUKKBN25K1BX [2] https://www.crunchbase.com/organization/luminar-technologies/company_financials#investors https://www.crunchbase.com/organization/luminar-technologies...