Self-driving car technology has been attracted billions of dollars but not made anyone a billionaire. Austin Russell- CEO & Founder of Luminar is among the rare expectations. At age 17, he founded a laser sensor company of Nasdaq listing, this optic sensation will be one of the first billionaires to develop from the sovereign vehicle world and will be the youngest and first self-made billionaire In the world.
In a video interview from his office in Palo Alto, California, 25-years old Russel states as “it were insanely intense, grueling, everything and every day that we had to go through scaling this up. It is indeed rewarding to get into public markets and make a listing into IPO SPAC” He also added a statement as per reported as
@businessinsider shares how “it's not enough for Russell to just develop the right and best technology; he needs to see through on its implementation until he's achieved his vision of ending automobile accidents.”https://t.co/fvSCtLGd2O $LAZR
— Luminar (@luminartech) January 19, 2021
“I’m probably very young but literally I have shaded my blood, sweat, and tears and gone through this. I was privileged enough to get a good enough stake”
Here. We. Go. 10.23.2021https://t.co/MiJ9LsHnEn
— Luminar (@luminartech) January 11, 2021
At the close of Nasdaq trading, 104.7 million shares of Russell’s were a third of Luminar’s outstanding equity that was worth $2.4 billion at the close. Before the start of trading, a unit of Beverly Hills-based finance firm The Gores Group raised Luminar that was appraised to have a market value of $3.4 billion. Russell started with Luminar in 2012, by Investors in the newly public company that included a fellow billionaire Peter Thiel (net wealth:$4.6 billion). Alec Gores of the Gores Group- a billionaire with a net wealth of $2.2 billion. Volvo Cars Tech Fund and billionaire Dean Metropoulos- the company’s chairman.