luminar

Austin Russell has become the world’s youngest self-made billionaire. Following the IPO debut of his company Luminar, the 25-year-old CEO is now worth more than $2.4 billion.

Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is the latest transportation company to go public via a “reverse merger” with a special acquisition company, or SPAC.